By Toni Weeks
San Luis Obispo, Calif., March 26 – HSBC USA Inc. priced $1 million of 0% barrier Accelerated Market Participation Securities due March 26, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of 47%.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $1 million
|
| Maturity: | March 26, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, capped at 47%; par if fund falls by 25% or less; full exposure to any losses if fund falls below barrier level
|
| Initial level: | $76.64
|
| Barrier level: | 75% of initial level
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40433BN38
|
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