By Toni Weeks
San Luis Obispo, Calif., April 21 – HSBC USA Inc. priced $6.54 million of 0% barrier leveraged tracker notes due April 26, 2021 linked to the Euro Stoxx 50 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.
Investors will receive par if the index falls by 40% or less and will be fully exposed to any losses if the index finishes below the 60% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier leveraged tracker notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $6.54 million
|
| Maturity: | April 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; par if index falls by 40% or less; full exposure to any losses if index drops below barrier
|
| Initial index level: | 3,674.05
|
| Barrier level: | 60% of initial level
|
| Pricing date: | April 17
|
| Settlement date: | April 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
|
| Cusip: | 40433BJ33
|
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