By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – HSBC USA Inc. priced $1.55 million of autocallable contingent coupon buffered securities with trigger upside and downside participation due Sept. 6, 2023 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the ETF closes below its 90% coupon trigger on any trading day before Sept. 3, 2019.
The notes will pay a contingent monthly coupon until Sept. 3, 2019 at an annualized rate of 9.6% if a knock-out event does not occur that month.
On Sept. 3, 2019 if a knock-out event has not occurred, the notes will be called and investors will receive par plus the final contingent coupon.
The payout at maturity will be par plus the return and 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable contingent coupon buffered securities with trigger upside and downside participation
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| Underlying ETF: | iShares MSCI EAFE
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| Amount: | $1.55 million
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| Maturity: | Sept. 6, 2023
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| Coupon: | 9.6% annualized, payable monthly until Sept. 3, 2019 if knock-out event does not occur that month; knock-out event is if ETF closes below 90% coupon trigger on any trading day before Sept. 3, 2019
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| Price: | Par
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| Payout at maturity: | Par plus return plus 10%
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| Call: | At par plus contingent coupon on Sept. 3, 2019 if knock-out event has not occurred
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| Initial level: | $67.34
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| Coupon trigger: | $60.606, or 90% of initial level
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Underwriters: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40435FR82
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