By Marisa Wong
Madison, Wis., Nov. 25 – HSBC USA Inc. priced $76,000 of 0% buffered Accelerated Market Participation Securities due May 25, 2017 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, subject to a maximum return of 30%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying fund: | iShares China Large-Cap ETF
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| Amount: | $76,000
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| Maturity: | May 25, 2017
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 30%; par if fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial price: | $38.49
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.125%
|
| Cusip: | 40433BTC2
|
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