By Wendy Van Sickle
Columbus, Ohio, May 14 – HSBC USA Inc. priced $745,000 of 0% buffered accelerated market participation securities due Oct. 30, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 16.15%.
Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $745,000
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| Maturity: | Oct. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 16.15%; par if ETF declines by 10% or less; 1% loss for every 1% ETF decline beyond 10% buffer
|
| Initial ETF level: | $54.67
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40438C4H1
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