By Jennifer Chiou
New York, Oct. 1 – HSBC USA Inc. priced $539,750 of 0% trigger performance securities due Sept. 29, 2017 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 1.17 times the fund return.
Investors will receive par if the fund falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is acting as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying fund: | Vanguard FTSE Emerging Markets
|
| Amount: | $539,750
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| Maturity: | Sept. 29, 2017
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.17 times any fund gain; par if fund falls by 25% or less; full exposure to losses if fund finishes below trigger level
|
| Initial share price: | $42.26
|
| Trigger price: | $31.70, 75% of initial level
|
| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 40434D673
|
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