By Wendy Van Sickle
Columbus, Ohio, March 2 – HSBC USA Inc. priced $4.03 million of 0% Performance Leveraged Upside Securities due April 3, 2017 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus triple the fund return, subject to a maximum payment of $12.20 per PLUS.
Investors will be fully exposed to any loss in the fund.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying ETF: | WisdomTree Japan Hedged Equity Fund
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Amount: | $4,029,700
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Maturity: | April 30, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of the fund’s return, subject to maximum payment of $12.20 per PLUS%; full exposure to losses
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Initial share price: | $41.62
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Pricing date: | Feb. 29
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Settlement date: | March 3
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Agent: | HSBC Securities (USA) Inc.
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Distribution: | Morgan Stanley Smith Barney LLC
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Fees: | 2.25%
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Cusip: | 40434N648
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