By Toni Weeks
San Luis Obispo, Calif., Aug. 3 – HSBC USA Inc. priced $625,000 of 0% buffered Accelerated Market Participation Securities due July 31, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 125% of the return, subject to a maximum return of 48%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each fund decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | SPDR S&P Regional Banking ETF
|
| Amount: | $625,000
|
| Maturity: | July 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any fund gain, capped at 48%; par if fund falls by up to 10%; exposure to losses beyond 10%
|
| Initial price: | $43.60
|
| Buffer level: | 90% of initial price
|
| Pricing date: | July 29
|
| Settlement date: | July 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 4.5%
|
| Cusip: | 40433B5T1
|
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