By Kiku Steinfeld
Chicago, Nov. 16 – HSBC USA Inc. priced $1.13 million of 0% buffered Accelerated Market Participation Securities due Jan. 31, 2022 tied to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, capped at par plus 19.3%.
Investors will receive par if the ETF falls by up to 12% and will lose 1% for each 1% decline beyond 12%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,133,000
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 19.3%; par if ETF falls by up to 12%; 1% loss for each 1% decline beyond 12%
|
| Initial value: | $38.83
|
| Buffer value | 88% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40438CXP1
|
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