By Tali Rackner
Norfolk, Va., Dec. 18 – HSBC USA Inc. priced $343,000 of 0% barrier enhanced participation notes due Dec. 18, 2020 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus 1.45 times the return.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses from the initial share price if the fund falls by more than 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier enhanced participation notes
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| Underlying fund: | Energy Select Sector SPDR Fund
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| Amount: | $343,000
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| Maturity: | Dec. 18, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.45 times any fund gain; par if fund falls by up to 20%; full exposure to losses from initial level if fund falls by more than 20%
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| Initial level: | $62.28
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 18
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 2.5%
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| Cusip: | 40433UEY8
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