By Susanna Moon
Chicago, June 3 - HSBC USA Inc. priced $1.22 million of 0% leveraged buffered uncapped market participation securities due June 4, 2019 linked to the iShares MSCI EAFE index fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.45 times any gain in the fund.
Investors will receive par if the shares fall by up to 25% and will lose 1.3333% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying fund: | iShares MSCI EAFE index fund
|
| Amount: | $1,222,000
|
| Maturity: | June 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.45 times any fund gain; par if shares fall by up to 25%; 1.3333% loss for every 1% decline beyond 25%
|
| Initial level: | $61.26
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XFT3
|
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