By Susanna Moon
Chicago, May 28 - HSBC USA Inc. priced $1.39 million of 0% buffered Accelerated Market Participation Securities due May 30, 2017 linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 30%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares U.S. Real Estate ETF
|
| Amount: | $1,386,000
|
| Maturity: | May 30, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 30%; par if fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial level: | $70.56
|
| Pricing date: | May 22
|
| Settlement date: | May 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.775%
|
| Cusip: | 40433BBB3
|
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