By Marisa Wong
Morgantown, W.Va., Oct. 6 – HSBC USA Inc. priced $491,000 0% buffered Accelerated Market Participation Securities due Oct. 5, 2017 linked to Apple Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the stock price, up to a maximum return of 36%.
Investors will receive par if the stock 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.
|
| Issue: | Buffered Accelerated Market Participation Securities
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| Underlying stock: | Apple Inc. (Nasdaq: AAPL)
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| Amount: | $491,000
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| Maturity: | Oct. 5, 2017
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in the stock price, up to a maximum return of 36%; par if the stock falls by up to 10%; exposure to any losses beyond 10%
|
| Initial price: | $110.30
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433UBR6
|
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