By Angela McDaniels
Tacoma, Wash., March 11 – HSBC USA Inc. priced $7 million of 0% Accelerated Market Participation Securities due March 13, 2018 linked to the dollar-adjusted FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level is equal to the index’s closing level on the pricing date multiplied by the exchange rate between the British pound sterling and the dollar. The final index level will be similarly adjusted.
If the index return is positive, the payout at maturity will be par plus 5 times the index return, subject to a maximum return of 53.5%. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | Dollar-adjusted FTSE 100
|
| Amount: | $7 million
|
| Maturity: | March 13, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, up to maximum return of 53.5%; full exposure to any index decline
|
| Initial index level: | 10,140.47, equal to closing level of index on pricing date (6,702.84) multiplied by spot rate on pricing date (1.512862 dollars per pound)
|
| Final index level: | Closing level of index on March 8, 2018 multiplied by spot rate then in effect
|
| Trade date: | March 9
|
| Pricing date: | March 10
|
| Settlement date: | March 13
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40433BH43
|
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