By Tali Rackner
Norfolk, Va., May 6 – HSBC USA Inc. priced $145,000 of 0% buffered Accelerated Market Participation Securities due April 30, 2018 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the price of Apple shares, up to a maximum return of 36%.
Investors will receive par if the stock falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
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. (Symbol: AAPL)
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| Amount: | $145,000
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| Maturity: | April 30, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any share price gain, up to maximum return of 36%; par if stock declines by 10% or less; 1% loss for every 1% decline beyond 10%
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| Initial price: | $104.35
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| Pricing date: | April 26
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| Settlement date: | April 29
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433ULB0
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