New York, Sept. 29 – HSBC USA Inc. priced $1.13 million of 0% buffered uncapped market participation securities due Oct. 1, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC said the estimated initial value of the securities, based on its internal funding rate, is $969.00 per $1,000 principal amount.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,133,000
|
| Maturity date: | Oct. 1, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
|
| Initial index level: | 1,965.99
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40433BMM7
|
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