Columbus, Ohio, Jan. 28 – HSBC USA Inc. priced $610,000 of 0% leveraged buffered uncapped market participation securities due Jan. 29, 2021 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 120% of the fund gain.
Investors will receive par if the fund declines by up to the 15% buffer and will lose 1% for every 1% that it declines beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
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| Underlying ETF: | Powershares S&P 500 Low Volatility Portfolio ETF
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| Amount: | $610,000
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| Maturity: | Jan. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus 120% of fund gain; par if fund falls by up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial price: | $36.96
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Underwriters: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40433UFT8
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