By Toni Weeks
San Luis Obispo, Calif., Feb. 27 - HSBC USA Inc. priced $764,000 of 0% leveraged buffered uncapped market participation securities due Feb. 27, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% of any gain in the fund.
Investors will receive par if the share price falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying ETF: | PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund
|
| Amount: | $764,000
|
| Maturity date: | Feb. 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any ETF gain; par if price falls by up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial price: | $33.11
|
| Buffer level: | 20%
|
| Trading date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.7%
|
| Cusip: | 40432XSJ1
|
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