By Jennifer Chiou
New York, Jan. 29 – HSBC USA Inc. priced $4,142,500 of 0% trigger return optimization securities due Jan. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 41%.
If the index falls by up to the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
Issuer: | HSBC USA Inc.
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Issue: | Trigger return optimization securities
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Underlying index: | Russell 2000
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Amount: | $4,142,500
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Maturity: | Jan. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 41%; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
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Initial index level: | 1,194.658
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Trigger level: | 895.994, 75% of initial price
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Pricing date: | Jan. 27
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Settlement date: | Jan. 30
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Underwriters: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | 2.5%
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Cusip: | 40434F595
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