By Marisa Wong
Madison, Wis., Dec. 28 - HSBC USA Inc. priced $4.35 million of 0% trigger autocallable optimization securities due Dec. 29, 2017 linked to the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized return 9% if the fund closes at or above the initial level on any quarterly observation date after one year.
If the notes are not called and the shares finish at or above the trigger price, 61% of the initial price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to losses.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying fund: | iShares FTSE China 25 index fund
|
| Amount: | $4,351,850
|
| Maturity: | Dec. 29, 2017
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par if shares finish at or above trigger price; otherwise, full exposure to losses
|
| Call: | At par plus 9% per year if fund closes at or above initial level on any quarterly observation date after one year
|
| Initial price: | $39.51
|
| Trigger price: | $24.10, 61% of initial price
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40433T513
|
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