By Susanna Moon
Chicago, Sept. 22 – HSBC USA Inc. priced $3.2 million of 0% buffered Accelerated Market Participation Securities due March 21, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 25.25%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% 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 index: | Stoxx Europe 600
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| Amount: | $3.2 million
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| Maturity: | March 21, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, up to 25.25% cap; par if index declines by 10% or less; 1.1111% loss per 1% drop beyond 10%
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| Initial level: | 361.87
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.75%
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| Cusip: | 40433UAE6
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