By Jennifer Chiou
New York, Oct. 28 - HSBC USA Inc. priced $1.24 million of 0% buffered uncapped market participation securities due Oct. 30, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 17% and will lose 1% for every 1% decline beyond the 17% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1.24 million
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Maturity date: | Oct. 30, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 17%; 1% loss for every 1% index decline beyond 17%
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Initial index level: | 3,038.96
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Pricing date: | Oct. 24
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Settlement date: | Oct. 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3%
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Cusip: | 40432XM40
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