By Marisa Wong
Morgantown, W.Va., Oct. 11 – HSBC USA Inc. priced $2.1 million of 5% buffered notes due Feb. 5, 2018 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the return of the lesser performing underlying is at least negative 22.5%, the payout at maturity will be par.
If the return of the lesser performing underlying is less than negative 22.5%, investors will lose 1.25% for every 1% decline of the lesser performing underlying beyond 22.5%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered notes with fixed coupon
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| Underlyings: | Russell 2000 index, iShares MSCI EAFE ETF
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| Amount: | $2.1 million
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| Maturity: | Feb. 5, 2018
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| Coupon: | 5%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless lesser performing underlying falls by more than 22.5%, in which case 1.25% loss for every 1% decline of the lesser performing underlying beyond 22.5%
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| Initial levels: | 1,251.646 for index and $59.13 for ETF
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433UXC5
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