By Marisa Wong
Morgantown, W.Va., Oct. 12 – HSBC USA Inc. priced $1.34 million of 0% leveraged buffered uncapped market participation securities due Oct. 12, 2021 tied 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 1.17 times any fund gain.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,342,000
|
| Maturity: | Oct. 12, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.17 times any fund gain; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial value: | $42.52
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 10
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.7%
|
| Cusip: | 40435FGH4
|
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