By Sarah Lizee
Olympia, Wash., Oct. 9 – HSBC USA Inc. priced $650,000 of 5% buffered market participation securities due Oct. 11, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid at maturity.
The payout at maturity will be par plus the lesser of any fund gain and a cap of 90%.
Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered market participation securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $650,000
|
| Maturity: | Oct. 11, 2023
|
| Coupon: | 5%, payable at maturity
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 90%; par if fund falls by up to 20%; 1% loss for each 1% decline beyond 20%
|
| Initial level: | $42.04
|
| Pricing date: | Oct. 3
|
| Settlement date: | Oct. 11
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435F4X2
|
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