By Marisa Wong
Morgantown, W.Va., April 25 – HSBC USA Inc. priced $3.38 million of 0% buffered Accelerated Market Participation Securities due April 22, 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 plus double any fund gain, up to a maximum return of 20.75%.
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.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | iShares MSCI Emerging Markets ETF
|
| Amount: | $3,377,000
|
| Maturity: | April 22, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, up to 20.75% cap; par if fund declines by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial price: | $39.05
|
| Pricing date: | April 18
|
| Settlement date: | April 21
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40433U3L8
|
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