By Kiku Steinfeld
Chicago, March 12 – HSBC USA Inc. priced $974,000 of 0% buffered Performance Leveraged Upside Securities due March 3, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any fund gain, up to a maximum payment of $11.65 per PLUS.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond the buffer.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $974,000
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| Maturity: | March 3, 2022
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 11.65%; par if fund falls by up to 10%; 1% loss per 1% decline beyond 10%
|
| Initial index level: | $40.52
|
| Pricing date: | Feb. 28
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| Settlement date: | March 4
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 40438G862
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