By Marisa Wong
Morgantown, W.Va., Nov. 30 – HSBC USA Inc. $3.61 million of 0% barrier enhanced participation notes due May 24, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund and the iShares MSCI EAFE ETF, according to a 414B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.92 times any gain of the lesser performing ETF.
Investors will receive par if the lesser-performing ETF falls by up to 40% and will be fully exposed to the decline of the lesser performing ETF if it finishes below the 60% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier enhanced participation notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF and iShares MSCI EAFE ETF ETF
|
| Amount: | $3,613,000
|
| Maturity: | May 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.92 times any gain of the lesser performing ETF; par if the lesser-performing ETF falls by up to 40%; full exposure to the decline of the lesser performing ETF if it finishes below the 60% barrier level
|
| Initial levels: | $46.82 for EM, $68.91 for EAFE
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40435FLN5
|
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