By Susanna Moon
Chicago, Dec. 30 - HSBC USA Inc. priced $55,000 of 0% averaging notes due July 1, 2019 linked to the S&P 500 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, the payout will be par.
The final index level will be the average of its closing levels on each quarterly observation date.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Averaging notes
|
| Underlying index: | S&P 500
|
| Amount: | $55,000
|
| Maturity: | July 1, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Initial index level: | 1,842.02
|
| Final index level: | Average of index closing levels on each quarterly observation date
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.525%
|
| Cusip: | 40432XQU8
|
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