New Issue: HSBC prices $20,000 barrier uncapped market participation notes on Russell, S&P

By Kiku Steinfeld

Chicago, Jan. 14 – HSBC USA Inc. priced $20,000 of 0% barrier uncapped market participation securities due June 24, 2024 tied to the Russell 2000 index and the S&P 500 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 lesser performing index.

Investors will receive par either index falls by up to 5%.

Otherwise, investors will be fully exposed to the lesser 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:	Russell 2000 index and S&P 500 index
Amount:	$20,000
Maturity:	June 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is positive, par plus 1.22 times the return of the lesser performing index; par either index falls by up to 5%; otherwise, full exposure to the lesser performing index’s decline from its initial level
Initial levels:	2,173.931 for Russell 2000, 4,620.64 for S&P
Barrier levels:	95% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439JTZ8

© 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.