By Marisa Wong
Madison, Wis., July 30 – HSBC USA Inc. priced $257,000 of 0% buffered Accelerated Market Participation Securities due Aug. 1, 2016 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 two times any gain in the fund, subject to a maximum return of 18.5%.
Investors will receive par if the fund falls by up to 10% and will be exposed to declines beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying ETF: | iShares MSCI Emerging Markets
|
| Amount: | $257,000
|
| Maturity date: | Aug. 1, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, return capped at 18.5%; par for fund declines of up to 10%; exposure to losses beyond 10%
|
| Initial price: | $44.78
|
| Pricing date: | July 25
|
| Settlement date: | July 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40433BGQ5
|
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