By Susanna Moon
Chicago, Jan. 12 – HSBC USA Inc. priced $8.29 million of 0% capped gears due March 29, 2018 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 14.8%.
Investors will be exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Capped gears
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| Underlying index: | MSCI EAFE
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| Amount: | $8.29 million
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| Maturity: | March 29, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any index gain, up to a maximum return of 14.8%; exposure to any losses
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| Initial level: | 1,714.76
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 13
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| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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| Fees: | 2%
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| Cusip: | 40435C765
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