By Marisa Wong
Morgantown, W.Va., Aug. 1 – HSBC USA Inc. priced $515,000 of 0% leveraged buffered uncapped market participation securities due July 31, 2019 tied 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 1.05 times any fund gain.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
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| Underlying ETF: | PowerShares S&P 500 Low Volatility Portfolio ETF
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| Amount: | $515,000
|
| Maturity: | July 31, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.05 times any fund gain; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $42.86
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Underwriters: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433UQU3
|
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