By Susanna Moon
Chicago, June 22 – HSBC USA Inc. priced $247,000 of 0% barrier enhanced participation notes due June 26, 2020 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 1.22 times any fund gain.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below the 80% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier enhanced participation notes
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $247,000
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| Maturity: | June 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.22 times any fund gain; par if fund falls by up to 20%; full exposure to any losses if fund falls below barrier level
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| Initial level: | $75.91
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| Barrier level: | 80% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 26
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 3.5%
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| Cusip: | 40433BX60
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