By Susanna Moon
Chicago, June 22 – HSBC USA Inc. priced $1.08 million of 0% barrier enhanced participation notes due June 28, 2021 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 1.35 times any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% barrier level.
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 index: | Euro Stoxx 50
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| Amount: | $1.08 million
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| Maturity: | June 28, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.35 times any index gain; par if index falls by up to 40%; full exposure to any losses if index falls below barrier level
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| Initial level: | 3,455.80
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| Barrier level: | 60% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 26
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 3.25%
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| Cusip: | 40433BX52
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