By Marisa Wong
Morgantown, W.Va., Nov. 7 – HSBC USA Inc. priced $460,000 of 0% barrier Accelerated Market Participation Securities due Nov. 5, 2018 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 22.6%.
Investors will receive par if the fund falls by up to 15% and will be fully exposed to any losses if the fund finishes below the 85% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying fund: | Health Care Select Sector SPDR fund
|
| Amount: | $460,000
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| Maturity: | Nov. 5, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 22.6%; par if fund declines by 15% or less; full exposure to any losses if the fund falls by more than 15%
|
| Initial level: | $67.36
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40433UZH2
|
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