New Issue: HSBC sells $236,000 barrier uncapped market participation notes on Dow, Russell, Nasdaq

By Kiku Steinfeld

Chicago, July 9 – HSBC USA Inc. priced $236,000 of 0% barrier uncapped market participation securities due May 27, 2026 tied to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is positive, the payout at maturity will be par plus 1.22 times the return of the least-performing index

Investors will receive par if any index falls by up to 30%.

Otherwise, investors will be fully exposed to the least-performing index’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped market participation securities
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:	$236,000
Maturity:	May 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus 1.22 times the increase of least-performing index; par if any index falls by up to 30%; otherwise, full exposure to least-performing index’s decline
Initial levels:	34,393.98 for Dow, 2,227.338 for Russell, 13,641.75 for Nasdaq
Barrier levels:	70% of initial levels
Pricing date:	May 24
Settlement date:	May 27
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40438C7F2

© 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.