By Susanna Moon
Chicago, Dec. 9 - HSBC USA Inc. priced $5 million 0% leveraged tracker notes due March 16, 2018 linked to the HSBC Dynamic 5 ETF index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged tracker notes
|
| Underlying index: | HSBC Dynamic 5 ETF index
|
| Amount: | $5 million
|
| Maturity: | March 16, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; exposure to any losses
|
| Initial level: | 129.8691
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 16
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40432XMP3
|
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