By Susanna Moon
Chicago, Jan. 27 – HSBC USA Inc. priced $1.07 million of 0% buffered Accelerated Market Participation Securities due Jan. 30, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 23%.
Investors will receive par if the index 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.
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| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying fund: | Energy Select Sector SPDR Fund
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| Amount: | $1,068,000
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| Maturity: | Jan. 30, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 23%; par if fund declines by 10% or less; 1% loss for every 1% drop beyond 10%
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| Initial level: | $76.66
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 28
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.3%
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| Cusip: | 40433BXQ6
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