By Susanna Moon
Chicago, Sept. 22 – HSBC USA Inc. priced $1.21 million of 0% barrier leveraged tracker notes due Sept. 24, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.38 times any index gain.
Investors will receive par if the index falls by 25% or less and will be fully exposed to any losses if the index finishes below the 75% barrier level.
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: | $1.21 million
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Maturity: | Sept. 24, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 138% of any index gain; par if index falls by 25% or less; full exposure to any losses if index drops below barrier
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Initial index level: | 10,783.33
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Barrier level: | 75% of initial level
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Pricing date: | Sept. 19
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Settlement date: | Sept. 24
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40433BNP9
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