By Angela McDaniels
Tacoma, Wash., Jan. 31 - HSBC USA Inc. priced $14.37 million of 0% trigger performance securities due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 168.75% of the index return.
If the index return is zero or negative and the index's final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $14,370,700
|
| Maturity date: | Jan. 31, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 168.75% of index return if index gains; par if index falls by up to 25%; otherwise, full exposure to losses
|
| Initial index level: | 3,011.45
|
| Trigger level: | 2,258.59, 75% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40434B453
|
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