By Jennifer Chiou
New York, Jan. 14 - HSBC USA Inc. priced $1,644,000 of 0% buffered Accelerated Market Participation Securities due Jan. 17, 2017 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the iShares MSCI EAFE index fund with a 25% weight, the Russell 2000 index with a 15% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
The payout at maturity will be par plus 125% of any gain in the basket, up to a maximum return of 32%.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying assets: | S&P 500 index (50% weight), iShares MSCI EAFE index fund (25% weight), Russell 2000 index (15% weight) and iShares MSCI Emerging Markets index fund (10% weight)
|
| Amount: | $1,644,000
|
| Maturity date: | Jan. 17, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any basket gain, capped at 32%; par if basket falls by up to 15%; 1% for every 1% drop beyond 15%
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 14
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XQY0
|
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