By Tali Rackner
Norfolk, Va., Oct. 6 – HSBC USA Inc. priced $611,000 of 0% barrier enhanced participation notes due Oct. 7, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 1.15 times the ETF return.
Investors will receive par if the ETF falls by up to 25% and will be fully exposed to losses from the initial share price if the ETF falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier enhanced participation notes
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| Underlying fund: | iShares MSCI Emerging Markets ETF
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| Amount: | $611,000
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| Maturity: | Oct. 7, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.15 times any fund gain; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
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| Initial price: | $37.45
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40433UVQ6
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