New Issue: HSBC sells $372,000 digital dual directional barrier notes on S&P 500

By Devika Patel

Knoxville, Tenn., Nov. 23 – HSBC USA Inc. priced $372,000 of 0% digital dual directional barrier securities due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 75% barrier level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 24%.

Otherwise, investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying index:	S&P 500
Amount:	$372,000
Maturity:	Nov. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus greater of 24% and index return; otherwise, 1% loss for each 1% decline
Initial level:	2,198.18
Barrier level:	75% of initial level
Pricing date:	Nov. 21
Settlement date:	Nov. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	3.125%
Cusip:	40433UYQ3

© 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.