By Wendy Van Sickle
Columbus, Ohio, March 31 – HSBC USA Inc. priced $2.39 million of 0% buffered Accelerated Market Participation Securities due March 29, 2019 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of 22%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying index: | iShares MSCI EAFE ETF
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Amount: | $2,387,000
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, up to 22% cap; par if fund declines by 10% or less; 1% loss per 1% drop beyond 10%
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Initial level: | $62.60
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40433UV45
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