By Wendy Van Sickle
Columbus, Ohio, May 31 – HSBC USA Inc. priced $5.25 million of 0% lookback trigger step securities due May 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 53.5%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The initial index level will be the lowest closing level of the index from pricing through Aug. 25, 2017.
HSBC Securities (USA) Inc. is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Lookback trigger step securities
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $5,253,900
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| Maturity: | May 31, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is zero or positive, par plus the greater of the index return and 53.5%; if the index declines by 20% or less, par; otherwise, investors will be exposed to the index’s decline from its initial level
|
| Initial index level: | Lowest closing level of the index during the three-month period from pricing through Aug. 25
|
| Pricing date: | May 26
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| Settlement date: | May 31
|
| Agent: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as dealer
|
| Fees: | 3.5%
|
| Cusip: | 40435D565
|
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