By Marisa Wong
Morgantown, W.Va., May 1 – HSBC USA Inc. priced $701,000 of 0% buffered Accelerated Market Participation Securities due Jan. 2, 2020 linked to the iShares MSCI ACWI exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum return of 14%.
Investors will receive par if the ETF falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | iShares MSCI MSCI ACWI ETF
|
| Amount: | $701,000
|
| Maturity: | Jan. 2, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any ETF gain, up to 14% cap; par if ETF declines by 5% or less; 1% loss per 1% drop beyond 5%
|
| Initial price: | $72.26
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40435FWW3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
