New York, Sept. 29 – HSBC USA Inc. priced $1.40 million of 0% buffered market participation securities due Oct. 2, 2017 linked to the Euro Stoxx 50 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 the 115% of the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%, if any.
HSBC said the estimated initial value of the notes, based on its internal funding rate and the value of the embedded derivatives, is $972.40 per $1,000 principal amount.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,403,000
|
| Maturity date: | Oct. 2, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any index gain; par if index falls by up to 15%; 1% loss for every 1% that index declines beyond 15%, if any
|
| Initial index level: | 3,203.31
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40433BMP0
|
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