New Issue: HSBC sells $2.09 million barrier digital return notes on S&P, oil ETF

By Marisa Wong

Morgantown, W.Va., Jan. 3 – HSBC USA Inc. priced $2.09 million of 0% barrier digital return notes due Dec. 29, 2022 linked to the lesser performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par plus the digital return of 37%. Otherwise, investors will be fully exposed to the decline of the lesser performer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlyings:	S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$2,091,000
Maturity:	Dec. 29, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying finishes at or above its barrier level, par plus 37%; otherwise, investors will be fully exposed to the decline of the lesser performer
Initial levels:	2,680.50 for index and $37.64 for ETF
Barrier levels:	1,608.30 for index and $22.584 for ETF; 60% of initial levels
Pricing date:	Dec. 26
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40435FNZ6

© 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.