By Wendy Van Sickle
Columbus, Ohio, Oct. 2 – HSBC USA Inc. priced $4.8 million of 0% buffered accelerated market participation securities due May 26, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, subject to a maximum return of 13.8%. Investors will receive par if the ETF declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $4.8 million
|
| Maturity: | May 26, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any ETF gain, subject to maximum return of 13.8%; par if ETF falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | $68.32
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40435F4Z7
|
|
|
© 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.
