By Angela McDaniels
Tacoma, Wash., Sept. 24 - HSBC USA Inc. priced $2.81 million of 0% digital-plus barrier notes due Sept. 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 34%.
If the index return is less than zero but greater than or equal to negative 30%, the payout will be par.
If the index return is less than negative 30%, investors will lose 1% for every 1% that the final level is less than the initial level.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital-plus barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,811,000
|
| Maturity: | Sept. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to zero, par plus greater of index return and 34%; if index return is less than zero but greater than or equal to negative 30%, par; if index return is less than negative 30%, 1% loss for every 1% that final level is less than initial level
|
| Initial index level: | 1,709.91
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.75%
|
| Cusip: | 40432XL33
|
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