By Sarah Lizee
Olympia, Wash., April 14 – HSBC USA Inc. priced $59,000 of 0% buffered Accelerated Market Participation Securities due April 4, 2022 linked to the iShares MSCI Emerging Markets ETF, 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 payout of 18.7%.
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.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $59,000
|
| Maturity: | April 4, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, up to 18.7% cap; par if ETF declines by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial level: | $34.13
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40438CAU5
|
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