By Susanna Moon
Chicago, Nov. 8 - HSBC USA Inc. priced $1.05 million of 0% buffered uncapped market participation securities due Nov. 9, 2017 linked to an index and a fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight and the iShares MSCI EAFE index fund with a 30% weight.
The payout at maturity will be par plus 1.48 times any gain in the basket.
Investors will receive par if the basket 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: | Buffered uncapped market participation securities
|
| Underlying basket: | S&P 500 index (70% weight), iShares MSCI EAFE index fund (30% weight)
|
| Amount: | $1.05 million
|
| Maturity: | Nov. 9, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 148% of any basket gain; par if basket falls by 20% or less; 1% loss per 1% drop beyond 20%
|
| Initial levels: | 1,253.23 for index, $51.80 for ETF
|
| Pricing date: | Nov. 4
|
| Settlement date: | Nov. 9
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
|
| Cusip: | 4042K1SK0
|
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