By Susanna Moon
Chicago, Oct. 29 - HSBC USA Inc. priced $1.46 million of 0% Leveraged buffered uncapped market participation securities due Oct. 30, 2018 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any fund gain.
Investors will receive par if the fund falls by up to 20% and will be exposed to any losses beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying fund: | PowerShares S&P 500 Low Volatility Portfolio
|
| Amount: | $1,208,000
|
| Maturity: | Oct. 30, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any fund gain; par if shares fall by up to 20%; exposure to any losses beyond 20%
|
| Initial price: | $32.68
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.95%
|
| Cusip: | 40432XLW9
|
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