By Marisa Wong
Madison, Wis., June 18 – HSBC USA Inc. priced $2 million of 0% barrier leveraged tracker notes due Dec. 19, 2017 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus 160% of the fund return. Investors will receive par if the fund falls by up to 10% and will be fully exposed to losses from the initial level if the fund falls below the 90% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier leveraged tracker notes
|
| Underlying ETF: | SPDR Euro Stoxx 50 ETF
|
| Amount: | $2 million
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| Maturity: | Dec. 19, 2017
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is greater than zero, par plus 160% of gain; par if fund falls by up to 10%; full exposure to losses from initial level if fund falls below 90% barrier level
|
| Initial price: | $44.27
|
| Pricing date: | June 16
|
| Settlement date: | June 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40433BEL8
|
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