New Issue: HSBC prices $536,000 buffered uncapped market participation securities on Russell 2000

New York, April 28 – HSBC USA Inc. priced $536,000 of 0% buffered uncapped market participation securities due April 30, 2021 tied to the Russell 2000 Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 100% of the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000 Index
Amount:	$536,000
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 100% of the index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
Initial index level:	1,150.728
Pricing date:	April 26
Settlement date:	April 29
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UKL9

© 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.