Chicago, Dec. 5 – HSBC USA Inc. priced $30,000 of 0% digital barrier notes due March 31, 2025 linked to the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its initial level, the payout at maturity will be par plus the greater of 24% or the return of the index.
If the index declines but not more than 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital barrier notes
|
| Underlying index: | AI Powered US Equity Adjusted Total Return index
|
| Amount: | $30,000
|
| Maturity: | March 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, greater of 24% and return of index; par if index declines but finishes above its 75% barrier; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 6,561.35
|
| Digital payment: | 24%
|
| Barrier level: | 75% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40439JH73
|
|
|
© 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.
