By Marisa Wong
Morgantown, W.Va., July 19 – HSBC USA Inc. priced $4.28 million of 0% Performance Leveraged Upside Securities due July 18, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any fund gain, up to a maximum return of 47.5%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $4,276,700
|
| Maturity: | July 18, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 300% of any fund gain, up to a maximum return of 47.5%; full exposure to any losses
|
| Initial share price: | $35.69
|
| Pricing date: | July 15
|
| Settlement date: | July 20
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40434V533
|
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