By Sarah Lizee
Olympia, Wash., March 30 – HSBC USA Inc. priced $170,000 of 0% leveraged buffered uncapped market participation securities due March 27, 2024 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.13 times any ETF gain.
Investors will receive par if the ETF falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $170,000
|
| Maturity: | March 27, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.13 times any ETF gain; par if ETF falls by up to 20%; 1% loss for each 1% decline beyond 20%
|
| Initial level: | $47.05
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435U7F5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
