By Angela McDaniels
Tacoma, Wash., May 22 – HSBC USA Inc. priced $1.25 million of 0% barrier Accelerated Market Participation Securities due Nov. 27, 2018 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 150% of the ETF return, up to a maximum return of 47%. Investors will receive par if the ETF falls by 25% or less and will be fully exposed to the decline if the ETF falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying ETF: | Energy Select Sector SPDR fund
|
| Amount: | $1.25 million
|
| Maturity: | Nov. 27, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any ETF gain, capped at 47%; par if ETF declines by 25% or less; full exposure to losses if ETF falls by more than 25%
|
| Initial share price: | $80.49
|
| Pricing date: | May 21
|
| Settlement date: | May 27
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40433BW61
|
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