By Susanna Moon
Chicago, Oct. 1 – HSBC USA Inc. priced $1.08 million of 0% buffered uncapped market participation securities due Oct. 1, 2018 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain.
Investors will receive par if the fund falls by up to 12% and will lose 1% for every 1% decline beyond 12%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered uncapped market participation securities
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| Underlying fund: | PowerShares S&P 500 Low Volatility Portfolio ETF
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| Amount: | $1.08 million
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| Maturity date: | Oct. 1, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any fund gain; par if fund falls by up to 12%; 1% loss for every 1% drop beyond 12%
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| Initial level: | $36.07
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433B6S2
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