By Sarah Lizee
Olympia, Wash., Dec. 7 – HSBC USA Inc. priced $5.77 million of 0% trigger jump securities due Dec. 3, 2020 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the upside payment of 29.5%.
If the final share price is less than or equal the initial share price but greater than or equal to 75% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the stock’s decline from the initial share price.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying asset: | Facebook, Inc. (Symbol: FB)
|
| Amount: | $5,772,420
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above its initial price, par plus 29.5%; par if the stock falls by up to 25%; full exposure to losses if the fund finishes below trigger price
|
| Initial price: | $140.61
|
| Trigger price: | $105.46, 75% of initial price
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Underwriter: | HSBC Securities (USA) Inc. with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40436A768
|
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