By Jennifer Chiou
New York, Sept. 29 – HSBC USA Inc. priced $10,479,190 of 0% trigger performance securities due Sept. 30, 2019 linked to the S&P/TSX 60 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 158.72% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is acting as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P/TSX 60
|
| Amount: | $10,479,190
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| Maturity: | Sept. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 158.72% of index return; if index return is zero or negative and index’s final level is equal to or greater than trigger level, par; if final level is less than trigger level, full exposure to decline in index from initial level
|
| Initial level: | 860.56
|
| Trigger level: | 645.42, 75% of initial level
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
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| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40434D657
|
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