New Issue: HSBC sells $6.72 million trigger securities tied to S&P 500

By Cady Vishniac

Detroit, Dec. 21 – HSBC USA Inc. priced $6.72 million of 0% trigger securities due Dec. 18, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index value is greater than the initial value, the payout at maturity will be par of $10 plus the index gain.

If the final index value is equal to or less than the initial level but greater than or equal to the 71% downside threshold, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger securities
Underlying index:	S&P 500
Amount:	$6,716,200
Maturity:	Dec. 18, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain; if index falls but finishes at or above downside threshold, par; otherwise, full exposure to losses
Initial level:	3,694.62
Downside threshold:	2,623.1802, 71% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40438Q332

© 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.