By Sarah Lizee
Olympia, Wash., Sept. 11 – HSBC USA Inc. priced $5 million of 0% buffered Accelerated Market Participation Securities due June 12, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 17.85%.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $5 million
|
| Maturity: | June 12, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any fund gain, up to 17.85% cap; par if fund declines by 20% or less; 1.25% loss per 1% drop beyond 20%
|
| Initial level: | $65.96
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 12
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435FZ59
|
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