New Issue: HSBC prices $1.06 million 4.25% buffered notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $1.06 million of 4.25% buffered fixed-rate notes due Oct. 31, 2024 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered fixed-rate notes
Underlying Index:	Russell 2000
Amount:	$1,063,000
Maturity:	Oct. 31, 2024
Coupon:	4.25%, payable quarterly
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	1,497.459
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FHN0

© 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.