New Issue: HSBC sells $950,000 buffered digital notes due 2020 tied to Nvidia

By Sarah Lizee

Olympia, Wash., May 1 – HSBC USA Inc. priced $950,000 of 0% buffered digital notes due May 13, 2020 linked to the common stock of Nvidia Corp., according to a 424B2 filed with the Securities and Exchange Commission.

If the stock finishes at or above its 85% threshold level, the payout at maturity will be par plus the digital percentage of 15.13%.

Otherwise, investors will lose 1.1765% for each 1% decline beyond the buffer.

HSBC Securities (USA) Inc. is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying asset:	Nvidia Corp. (Symbol: NVDA)
Amount:	$950,000
Maturity:	May 13, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains or falls by up to 15%, par plus 15.13%; otherwise, 1.1765% loss per 1% decline beyond 15%
Initial level:	$178.09
Pricing date:	April 26
Settlement date:	May 1
Agents:	HSBC Securities (USA) Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1%
Cusip:	40435UMA9

© 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.