New Issue: HSBC prices $4.55 million autocallable barrier notes on indexes

By Sarah Lizee

Olympia, Wash., April 30 – HSBC USA Inc. priced $4.55 million of autocallable barrier notes due April 30, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10.5% annualized call premium if each index closes above its initial level on any quarterly observation date.

The payout will be par unless each index has finished below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000 index
Amount:	$4.55 million
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index has finished below barrier level, in which case investors will lose 1% for each 1% decline of lesser-performing index from its initial level
Call:	At par plus 10.5% annualized premium if each index closes at or above initial level on any quarterly observation date
Initial index levels:	3,500.41 for Stoxx, 1,591.816 for Russell
Barriers:	2,100.246 for Stoxx, 955.0896 for Russell; 60% of initial levels
Pricing date:	April 26
Settlement date:	April 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.85%
Cusip:	40435UMC5

© 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.