By Susanna Moon
Chicago, March 13 - HSBC USA Inc. priced $8.2 million of 0% performance barrier notes due Sept. 14, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance barrier notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,195,000
|
| Maturity: | Sept. 14, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of index gain; par if index declines by 30% or less; full exposure to any losses if index falls below barrier level
|
| Barrier level: | 70% of initial level
|
| Pricing date: | March 11
|
| Settlement date: | March 14
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40432XW64
|
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