By Jennifer Chiou
New York, Sept. 3 – HSBC USA Inc. priced $1.58 million of 0% barrier leveraged tracker notes due Sept. 4, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 144% of the index return.
Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier leveraged tracker notes
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Underlying index: | Hang Seng China Enterprises
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Amount: | $1.58 million
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Maturity: | Sept. 4, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than zero, par plus 144% of index return; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
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Initial index level: | 10,958.81
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Trade date: | Aug. 29
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Pricing date: | Sept. 1
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Settlement date: | Sept. 4
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40433BHG6
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