By Toni Weeks
San Luis Obispo, Calif., April 9– HSBC USA Inc. priced $1.5 million of 0% barrier Accelerated Market Participation Securities due April 13, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 160% of the index return, up to a maximum return of 50%. Investors will receive par if the index falls by 25% or less and will be fully exposed to the decline if the index falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.5 million
|
| Maturity: | April 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 160% of any index gain, capped at 50%; par if index declines by 25% or less; full exposure to losses if index falls by more than 25%
|
| Initial level: | 3,742.63
|
| Pricing date: | April 8
|
| Settlement date: | April 13
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433BP36
|
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