By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – HSBC USA Inc. priced $1 million of 0% barrier market participation securities due Oct. 29, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a 38.6% maximum return.
Investors will receive par if the index falls by up to 30%. Otherwise investors will be fully exposed to losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier Market Participation Securities
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| Underlying index: | Russell 2000
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| Amount: | $1 million
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| Maturity: | Oct. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 38.6%; par if index declines by 30% or less; full exposure to any losses if the index falls below barrier level
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| Initial level: | 1,226.448
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| Barrier level: | 70% of initial level
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| Pricing date: | Oct. 24
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| Settlement date: | Oct. 27
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40433UZG4
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