By Susanna Moon
Chicago, June 25 – HSBC USA Inc. priced $1.2 million of 0% leveraged dual directional contingent buffered equity notes due June 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 125% of the return, up to a maximum return of 46.25%.
If the index falls by up to 37%, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through J.P. Morgan Securities LLC.
| Issuer: | HSBC USA Inc.
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| Issue: | Leveraged dual directional contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.2 million
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| Maturity: | June 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 125% of return, capped at 46.25%; if index falls by up to 37%, par plus absolute value of return; otherwise, full exposure to any losses
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| Initial level: | 3,625.97
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| Contingent buffer: | 37%
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| Pricing date: | June 23
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| Settlement date: | June 26
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3%
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| Cusip: | 40433B3T3
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