New Issue: HSBC prices $16.56 million capped Leveraged Index Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Dec. 29 – HSBC USA Inc. priced $16.56 million of 0% capped Leveraged Index Return Notes due Dec. 22, 2025 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of par plus 23.54%.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$16,555,180
Maturity:	Dec. 22, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 23.54%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,017.065
Threshold level:	1,815.359; 90% of initial level
Pricing date:	Dec. 21
Settlement date:	Dec. 29
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	403954720

© 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.