By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – HSBC USA Inc. priced $1.32 million of 0% barrier Accelerated Market Participation Securities due Feb. 15, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the fund, up to a maximum return of 65%.
Investors will receive par if the fund falls by up to 40% and will be fully exposed to any losses if the fund finishes below the 60% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,316,000
|
| Maturity: | Feb. 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 65%; par if fund declines by 40% or less; full exposure to any losses if the fund falls below barrier level
|
| Initial level: | $38.39
|
| Barrier level: | 60% of initial level
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.625%
|
| Cusip: | 40433UQ66
|
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