By Marisa Wong
Morgantown, W.Va., March 13 – HSBC USA Inc. priced $732,000 of 0% leveraged buffered uncapped market participation securities due Feb. 24, 2022 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any fund gain.
Investors will receive par if the fund falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
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| Underlying fund: | iShares MSCI EAFE ETF
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| Amount: | $732,000
|
| Maturity: | Feb. 24, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.4 times any fund gain; par if fund falls by up to 25%; 1% loss for each 1% decline beyond 25%
|
| Initial price: | $60.70
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433US23
|
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