By Susanna Moon
Chicago, Aug. 27 – HSBC USA Inc. priced $1.7 million of 0% Performance Leveraged Upside Securities due Aug. 29, 2016 linked to the iShares FTSE China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 46%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying fund: | iShares FTSE China Large-Cap ETF
|
| Amount: | $1,698,800
|
| Maturity: | Aug. 29, 2016
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 46%; full exposure to losses
|
| Initial price: | $40.89
|
| Pricing date: | Aug. 22
|
| Settlement date: | Aug. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 40434D814
|
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