Columbus, Ohio, Jan. 28 – HSBC USA Inc. priced $2.15 million of 0% buffered uncapped market participation securities due Jan. 29, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be equal to par plus the gain.
Investors will receive par if the fund declines by up to the 14% buffer and will lose 1% for every 1% that it declines beyond the buffer.
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 ETF: | Powershares S&P 500 Low Volatility Portfolio ETF
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| Amount: | $2,151,000
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| Maturity: | Jan. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus fund gain; par if fund falls by up to 14%; 1% loss for every 1% decline beyond 14%
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| Initial price: | $36.96
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
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| Underwriters: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433UFP6
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