By Angela McDaniels
Tacoma, Wash., June 3 – HSBC USA Inc. priced $1.33 million of 0% leveraged buffered uncapped market participation securities due May 28, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 117% of the index return. Investors will receive par if the index falls by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged buffered uncapped market participation securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1.33 million
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Maturity: | May 28, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 117% of any index gain; par if index falls by up to 25%; 1% loss for every 1% that index declines beyond 25%
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Initial index level: | 3,061.60
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 3.75%
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Cusip: | 40433ULY0
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