By Susanna Moon
Chicago, May 1 – HSBC USA Inc. priced $7.98 million of 0% airbag return optimization securities due April 30, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 40%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Airbag return optimization securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5.75 million
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| Maturity: | April 30, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at 40%; par if index declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
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| Initial level: | 3,715.42
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| Pricing date: | April 28
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| Settlement date: | April 30
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| Agents: | HSBC Securities (USA) Inc. with UBS Financial Services Inc.
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| Fees: | 2.5%
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| Cusip: | 40434G536
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