By Wendy Van Sickle
Columbus, Ohio, June 6 – HSBC USA Inc. priced $554,000 of 0% buffered uncapped market participation securities due June 7, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index 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: | Buffered uncapped market participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $554,000
|
| Maturity: | June 7 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial level: | 2,705.27
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40435FYZ4
|
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