By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – HSBC USA Inc. priced $5.2 million of 0% trigger performance securities due Nov. 17, 2020 linked to the S&P 500 Index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 123% of any index gain.
Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below the 60% trigger level.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $5.2 million
|
| Maturity: | Nov. 17, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 123% of any index gain; par if index falls by up to 40%; full exposure to losses from initial level if index falls by more than 40%
|
| Initial level: | 2,045.97
|
| Trigger level: | 1,227.58, 60% of initial level
|
| Pricing date: | Nov. 12
|
| Settlement date: | Nov. 17
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40434K487
|
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