By Marisa Wong
Morgantown, W.Va., March 14 – HSBC USA Inc. priced $1.93 million of 0% buffered Accelerated Market Participation Securities due Sept. 12, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, up to a maximum return of 16.1%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 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 ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.93 million
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| Maturity: | Sept. 12, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any ETF gain, up to 16.1% cap; par if ETF declines by 10% or less; 1% loss per 1% drop beyond 10%
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| Initial price: | $48.70
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| Pricing date: | March 7
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| Settlement date: | March 12
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1.5%
|
| Cusip: | 40435FWH6
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