By Jennifer Chiou
New York, April 9 - HSBC USA Inc. priced $2 million of 0% leveraged tracker notes due April 14, 2021 linked to the S&P 500 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 plus 170% of the index return.
Investors will share in losses.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged tracker notes
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Underlying index: | S&P 500
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Amount: | $2 million
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Maturity: | April 14, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 170% of index return; exposure to losses
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Initial index level: | 1,845.04
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Pricing date: | April 7
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Settlement date: | April 14
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 2.5%
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Cusip: | 40432XYD7
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