New Issue: HSBC sells $102,000 buffered digital notes on Russell 2000

By Kiku Steinfeld

Chicago, Dec. 21 – HSBC USA Inc. priced $102,000 of 0% buffered digital notes due Dec. 14, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 90% of the initial level, the payout at maturity will be par plus 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000 index
Amount:	$102,000
Maturity:	Dec. 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 90% of its initial level, par plus 15%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	1,902.147
Buffer level:	90% of initial level
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438CE72

© 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.