New Issue: HSBC prices $1.75 million digital notes due 2020 tied to S&P 500 index

By Sarah Lizee

Olympia, Wash., Aug. 23 – HSBC USA Inc. priced $1.75 million of 0% digital notes due Oct. 5, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index finishes at or above its 80% threshold level, the payout at maturity will be the threshold settlement amount of $1,105 for each $1,000 of notes.

Otherwise, investors will lose 1.25% for each 1% decline beyond the 20% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying asset:	S&P 500 index
Amount:	$1.75 million
Maturity:	Oct. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 80% threshold level, $1,105 for each $1,000 of notes; 1.25% loss for each 1% decline beyond 20%
Initial level:	2,862.96
Pricing date:	Aug. 21
Settlement date:	Aug. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	1.47%
Cusip:	40435FR74

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.