By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – HSBC USA Inc. priced $750,000 of 0% market plus notes due Aug. 28, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 25%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of 144.5% of the index return and zero. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Market plus notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $750,000
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| Maturity: | Aug. 28, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus greater of 144.5% of index return and zero unless index falls by more than 25%, in which case full exposure to index’s decline from initial level
|
| Initial index level: | 134.03
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Underwriter: | HSBC Securities (USA) Inc.
|
| Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 40435FUN5
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