By Jennifer Chiou
New York, Nov. 1 - HSBC USA Inc. priced $2,743,000 of 0% averaging notes due Oct. 31, 2018 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls, investors will share in losses.
The index's final level will be the average of its closing levels on the 24 quarterly observation dates.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Averaging notes
|
| Underlying index: | S&P 500 Low Volatility
|
| Amount: | $2,743,000
|
| Maturity: | Oct. 31, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index gain, exposure to losses
|
| Initial index level: | 4,497.33
|
| Final index level: | Average of index's closing levels on 24 quarterly observation dates
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 4.025%
|
| Cusip: | 4042K15X7
|
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