By Sarah Lizee
Olympia, Wash., June 11 – HSBC USA Inc. priced $551,000 of 0% buffered Accelerated Market Participation Securities due Feb. 13, 2020 linked to the iShares MSCI ACWI exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum return of 14%.
Investors will receive par if the ETF falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
|
| Underlying fund: | iShares MSCI ACWI exchange-traded fund
|
| Amount: | $551,000
|
| Maturity: | Feb. 13, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any ETF gain, up to a maximum return of 14%; par if the ETF falls by up to 5%; 1% loss for every 1% decline beyond 5%
|
| Initial level: | $73.95
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40435FF85
|
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