By Toni Weeks
San Luis Obispo, Calif., June 5 – HSBC USA Inc. priced $2.21 million of 0% trigger Performance Leveraged Upside Securities due June 4, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, subject to a maximum return of 55%.
Investors will receive par if the share price falls by up to 15% and will be fully exposed to losses if the fund drops below the 85% trigger level.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,210,500
|
| Maturity: | June 4, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, with maximum return of 55%; par if fund falls by up to 15%; full exposure to losses if fund drops below trigger level
|
| Initial price: | $42.55
|
| Trigger level: | $36.17, 85% of initial share price
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3%
|
| Cusip: | 40434C592
|
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