By Marisa Wong
Morgantown, W.Va., April 17 – HSBC USA Inc. priced $5.19 million of 0% market plus notes due Oct. 10, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 31%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the agent with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Market plus notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $5,189,000
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| Maturity: | Oct. 10, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus greater of index return and zero unless index falls by more than 31%, in which case full exposure to index’s decline
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| Initial index level: | 3,495.80
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| Pricing date: | April 7
|
| Settlement date: | April 12
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| Agents: | HSBC Securities (USA) Inc.; JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
|
| Fees: | 1.25%
|
| Cusip: | 40433U3E4
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