Chicago, June 22 – HSBC USA Inc. priced $37,000 of 0% lookback buffered AMPS due June 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The period to establish the initial value of the index runs from May 31 to July 31. The initial level will be the lowest closing level on any scheduled trading day during that period.
At maturity, if the final level is positive, investors will receive par plus 1.5 times the return, capped at par plus 18.9%.
Investors will receiver par if the index has declined, but finishes above 90% of its initial level.
Otherwise, investors will be exposed to losses on a one-to-one basis beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Lookback buffered AMPS
|
| Underlying index: | S&P 500 index
|
| Amount: | $37,000
|
| Maturity: | June 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If positive, par plus 1.5 times return capped at par plus 18.9%; if there is a decline but not more than 10%, par; otherwise, 1% loss for each 1% decline beyond 10% buffer
|
| Initial level: | Lowest closing level of the index on any scheduled trading day during the period from and including the pricing date to and including July 31
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40441X7M6
|
|
|
© 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.
