New York, Sept. 29 – HSBC USA Inc. priced $893,000 of 0% buffered uncapped market participation securities due Sept. 30, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 17% and will lose 1% for every 1% decline beyond 17%.
HSBC said the estimated initial value of the notes, based on its internal funding rate and the value of the embedded derivatives, is $940.50 per $1,000 principal amount.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $893,000
|
| Maturity: | Sept. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 17%; exposure to losses beyond 17% buffer
|
| Initial index level: | 16,945.80
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.55%
|
| Cusip: | 40433BMQ8
|
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