By Toni Weeks
San Luis Obispo, Calif., April 22 – HSBC USA Inc. priced $724,000 of 0% leveraged buffered uncapped market participation securities due April 23, 2018 linked to the PowerShares S&P 500 High Dividend Portfolio, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any fund gain.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Leveraged buffered uncapped market participation securities
|
| Underlying fund: | PowerShares S&P 500 High Dividend Portfolio
|
| Amount: | $724,000
|
| Maturity date: | April 23, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain; par if fund falls by up to 15%; 1% loss for every 1% drop beyond 15%
|
| Initial price: | $32.90
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433BP44
|
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