By Susanna Moon
Chicago, Jan. 11 – HSBC USA Inc. priced $1 million of autocallable contingent coupon buffered securities due Jan. 7, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the index closes below its 85% coupon trigger on any trading day before Jan. 4, 2019.
The notes will pay a contingent monthly coupon until Jan. 9, 2019 at an annualized rate of 3.8% if a knock-out event does not occur that month.
On Jan. 4, 2019 if a knock-out event has not occurred, the notes will be called and investors will receive par plus the final contingent coupon.
The payout at maturity will be par plus the return and 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable contingent coupon buffered securities
|
| Underlying index: | MSCI EAFE
|
| Amount: | $1 million
|
| Maturity: | Jan. 7, 2022
|
| Coupon: | 3.8% annualized, payable monthly until Jan. 9, 2019 if knock-out event does not occur that month; knock-out event is if index closes below 85% coupon trigger on any trading day before Jan. 4, 2019
|
| Price: | Par
|
| Payout at maturity: | Par plus return plus 15%
|
| Call: | At par plus contingent coupon on Jan. 4, 2019 if knock-out event has not occurred
|
| Initial level: | 2,089.16
|
| Coupon trigger: | 1,775.786, or 85% of initial level
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 9
|
| Underwriters: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435FQK6
|
|
|
|
|
© 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.
