By Susanna Moon
Chicago, June 29 – HSBC USA Inc. priced $1.71 million of 0% buffered uncapped market participation securities due July 2, 2018 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the fund.
Investors will receive par if the fund falls by up to 11% and will lose 1% for every 1% decline beyond 11%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered uncapped market participation securities
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| Underlying fund: | PowerShares S&P 500® Low Volatility Portfolio ETF
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| Amount: | $1,707,000
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| Maturity date: | July 2, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any fund gain; par if fund falls by up to 11%; 1% loss for every 1% drop beyond 11%
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| Initial level: | $37.09
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| Buffer level: | 89% of initial level
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433BY69
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