By Marisa Wong
Morgantown, W.Va., Nov. 7 – HSBC USA Inc. priced $1 million of 0% barrier Accelerated Market Participation Securities due Nov. 4, 2019 linked to the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.75 times any share price gain, up to a maximum return of 60%.
Investors will receive par if the stock falls by up to 25% and will be fully exposed to any losses if the stock finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier Accelerated Market Participation Securities
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| Underlying stock: | Intel Corp. (Nasdaq: INTC)
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| Amount: | $1 million
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| Maturity: | Nov. 4, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 175% of any share price gain, capped at 60%; par if stock declines by 25% or less; full exposure to any losses if the stock falls by more than 25%
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| Initial level: | $34.74
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.85%
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| Cusip: | 40433UYG5
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