By Toni Weeks
San Diego, July 31 - HSBC USA Inc. priced $2.14 million of 0% airbag performance securities due July 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 160% of the return.
If the index return is zero or negative and its final level is greater than or equal to the 50% threshold percentage, the payout will be par.
If the final level is less than the threshold percentage, investors will lose 2% for every 1% decline in the index.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
Issuer: | HSBC USA Inc.
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Issue: | Airbag performance securities
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Underlying index: | Euro Stoxx 50
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Amount: | $2,141,000
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Maturity: | July 31, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return is positive, par plus 160% of the return; if return is zero or negative and final level is greater than or equal to threshold percentage, par; if final level is less than threshold percentage, 2% loss for every 1% decline in index
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Initial level: | 2,251.05
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Threshold percentage: | 50% of initial level
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Pricing date: | July 26
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Settlement date: | July 31
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Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
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Fees: | 3.5%
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Cusip: | 40433M435
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