By Susanna Moon
Chicago, April 16 - HSBC USA Inc. priced $2.34 million of 0% Buffered Performance Leveraged Upside Securities due April 16, 2018 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 150% of any fund gain, up to a maximum return of 40%.
If the fund falls by up to 10%, the payout will be par.
Investors will be exposed to any fund decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $2.34 million
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Maturity: | April 16, 2018
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any fund gain, capped at 40%; par if fund falls by up to 10%; 1% loss for every 1% drop beyond 10%
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Initial price: | $44.84
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Pricing date: | April 11
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Settlement date: | April 16
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Smith Barney LLC handling distribution
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Fees: | 3%
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Cusip: | 40434C105
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