New Issue: HSBC prices $1.83 million leveraged notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Oct. 29 – HSBC USA Inc. priced $1.83 million of 0% notes due Oct. 28, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Russell 2000 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the MSCI Emerging Markets index with a 33.33% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 200% of the basket return. If the basket return is negative, investors will have one-to-one exposure to the decline.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Notes
Underlying indexes:	Russell 2000 (33.34% weight), Euro Stoxx 50 (33.33% weight) and MSCI Emerging Markets (33.33% weight)
Amount:	$1,831,560
Maturity:	Oct. 28, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is positive, par plus 200% of basket return; if basket return is negative, one-to-one exposure to decline
Initial index levels:	1,118.824 for Russell 2000; 3,030.37 for Euro Stoxx 50; 984.38 for MSCI Emerging Markets
Final basket level:	Average of basket’s levels on the five trading days ending Oct. 25, 2016
Pricing date:	Oct. 24
Settlement date:	Oct. 29
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434D517

© 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.