By Jennifer Chiou
New York, Jan. 29 – HSBC USA Inc. priced $551,500 of 0% trigger performance securities due Jan. 31, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus 139% of the fund return.
If the fund return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the fund from its initial level.
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 exchange-traded fund
|
| Amount: | $551,500
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| Maturity: | Jan. 31, 2019
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 139% of fund return; if fund return is zero or negative and fund’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in fund from initial level
|
| Initial level: | $41.49
|
| Trigger level: | $31.12, 75% of initial level
|
| Pricing date: | Jan. 27
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| Settlement date: | Jan. 30
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| Underwriter: | HSBC Securities (USA) Inc.
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| Agent: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 40434F629
|
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