By Susanna Moon
Chicago, Jan. 2 – HSBC USA Inc. priced $307,000 of 0% buffered Accelerated Market Participation Securities due June 21, 2021 tied to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 28%.
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.
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| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying index: | iShares MSCI Emerging Markets ETF
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| Amount: | $307,000
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| Maturity: | June 21, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 28%; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
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| Initial level: | $39.14
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 21
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.525%
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| Cusip: | 40435UCC6
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