By Susanna Moon
Chicago, Oct. 21 – HSBC USA Inc. priced $5.25 million of 0% buffer digital securities due Sept. 25, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its 90% digital barrier level, the payout at maturity will be par plus the digital return of 14.1%.
Otherwise, investors will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffer digital securities
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $5.25 million
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| Maturity: | Sept. 25, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund closes above 90% digital barrier, par plus 14.1%; otherwise, exposure to any losses beyond 10%
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| Initial level: | $58.23
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 24
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| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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| Fees: | 1%
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| Cusip: | 40435C203
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