By Sarah Lizee
Olympia, Wash., Dec. 6 – HSBC USA Inc. priced $22.86 million of 0% autocallable market-linked step-up notes due Nov. 25, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.9% if the index closes at or above its initial level on any annual call date.
If the index finishes above the step-up value – 135% of the initial level – the payout at maturity will be par of $10 plus the index gain.
If the index finishes flat or gains by up to the step-up level, the payout will be par plus the step-up payment of 35%.
Investors will be fully exposed to any losses.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Autocallable market-linked step-up notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $22,860,460
|
Maturity: | Nov. 25, 2022
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index finishes flat or gains up to the step-up level, par plus 35%; full exposure to losses
|
Call: | At par plus 12.9% per year if the index closes at or above its initial level on any annual observation date
|
Initial level: | 3,705.55
|
Step-up value: | 5,002.49, 135% of initial level
|
Pricing date: | Nov. 26
|
Settlement date: | Dec. 4
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 2%
|
Cusip: | 40438B665
|
|
© 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.