By Susanna Moon
Chicago, Jan. 27 – HSBC USA Inc. priced $4.56 million of 0% Accelerated Market Participation Securities due July 28, 2017 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 45%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Market Participation Securities
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| Underlying index: | MSCI World
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| Amount: | $4.56 million
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| Maturity: | July 28, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at 45%; exposure to any losses
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| Initial index level: | 1,707.74
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 28
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2%
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| Cusip: | 40433BYC6
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