By Jennifer Chiou
New York, Feb. 26 – HSBC USA Inc. priced $7,026,170 of 0% trigger return optimization securities due Feb. 28, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 39.5%.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger return optimization securities
|
| Underlying index: | Russell 2000
|
| Amount: | $7,026,170
|
| Maturity: | Feb. 28, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain, capped at 39.5%; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
|
| Initial index level: | 1,233.975
|
| Trigger level: | 925.481, 75% of initial price
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 27
|
| Underwriters: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40434F363
|
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