By Susanna Moon
Chicago, March 25 – HSBC USA Inc. priced $457,000 of 0% buffered Accelerated Market Participation Securities due March 27, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 21%.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $457,000
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| Maturity: | March 27, 2017
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 21%; par if index declines by 10% or less; exposure to any losses beyond 10%
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| Initial level: | $76.64
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| Pricing date: | March 23
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| Settlement date: | March 26
|
| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433BE79
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