By Sarah Lizee
Olympia, Wash., June 18 – HSBC USA Inc. priced $1.5 million of 0% leveraged participation securities due June 20, 2022 linked to the Hong Kong dollar relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
If the currency return is positive, the payout at maturity will be par plus 4.4 times the return. Investors will receive par if the currency return is zero or negative.
The currency return will be positive if the Hong Kong dollar strengthens relative to the dollar.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged participation securities
|
| Underlying currency: | Hong Kong dollar versus the dollar
|
| Amount: | $1.5 million
|
| Maturity: | June 20, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 440% of any currency gain, floor of par
|
| Initial spot rate: | 8
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.25%
|
| Cusip: | 40435UNY6
|
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