By Susanna Moon
Chicago, May 4 – HSBC USA Inc. priced $1.24 million of 0% barrier Accelerated Market Participation Securities due Nov. 1, 2018 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 gain in the index, up to a maximum return of 50%.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier Accelerated Market Participation Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.24 million
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| Maturity: | Nov. 1, 2018
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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 50%; par if index declines by 35% or less; full exposure to any losses if the index falls below barrier level
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| Initial level: | 3,715.42
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| Barrier level: | 65% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 1
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 2%
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| Cusip: | 40433BU89
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