Chicago, Aug. 14 – HSBC USA Inc. priced $700,000 of 0% autocallable barrier notes with step-up premium and digital upside return due July 31, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10% annualized call premium if the index closes at or above its initial level on any annual observation date.
If the index return is positive, the payout at maturity will be the greater of par plus the return or the digital upside return of 25%.
If the index declines but not more than 25%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium and digital upside return
|
| Underlying index: | Russell 2000 index
|
| Amount: | $700,000
|
| Maturity: | July 31, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of index return or 25% if return is positive; par if index declines but not more than barrier; otherwise, full exposure to losses of index
|
| Call: | At par plus a 10% annualized call premium if the index closes at or above its initial level on any annual observation date
|
| Initial index level: | 1,980.355
|
| Barrier level: | 75% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.35%
|
| Cusip: | 40447AGL2
|
|
|
© 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.
