New York, Dec. 7 – HSBC USA Inc. priced $249,000 of 0% buffered accelerated market participation securities due Dec. 4, 2017 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any stock gain, up to a maximum return of par plus 30.5%.
Investors will receive par if the stock falls by up to 10% and will be exposed to any decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered accelerated market participation securities
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| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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| Amount: | $249,000
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| Maturity: | Dec. 4, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any stock gain, capped at 30.5%; exposure to losses beyond 10%
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| Initial level: | $118.3
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433UDH6
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