By Marisa Wong
Madison, Wis., June 30 – HSBC USA Inc. priced $3.55 million of 0% trigger performance securities due June 30, 2020 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 131% of any fund gain.
If the fund falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying fund: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $3,549,390
|
| Maturity: | June 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 131% of fund return; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
|
| Initial price: | $42.02
|
| Trigger price: | $31.52, 75% of initial price
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40434E101
|
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