By Wendy Van Sickle
Columbus, Ohio, June 10 – HSBC USA Inc. priced $1.41 million of 0% buffered Accelerated Market Participation Securities due Nov. 30, 2021 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 38.75%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered Accelerated Market Participation Securities
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $1.41 million
|
Maturity: | Nov. 30, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at 38.75%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
Initial level: | 3,348.86
|
Pricing date: | May 28
|
Settlement date: | May 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.525%
|
Cusip: | 40435UNA8
|
|
© 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.