By Susanna Moon
Chicago, July 29 – HSBC USA Inc. priced $5 million of 0% leveraged buffered market participation securities due July 31, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 22%.
Investors will receive par if the index 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: | Leveraged buffered market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5 million
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Maturity: | July 31, 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 index gain, capped at 22%; par if index declines by 10% or less; exposure to any losses beyond 10%
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Initial level: | 3,513.1
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Pricing date: | July 27
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Settlement date: | July 30
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Agent: | HSBC0Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40433B5S3
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