By Marisa Wong
Morgantown, W.Va., March 22 – HSBC USA Inc. priced $8.49 million of 0% buffered Accelerated Market Participation Securities due March 22, 2021 linked to the iShares MSCI ACWI ex U.S. exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any ETF gain, up to a maximum return of 36%.
Investors will receive par if the ETF falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | iShares MSCI MSCI ACWI ex U.S. ETF
|
| Amount: | $8,485,000
|
| Maturity: | Sept. 12, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any ETF gain, up to 36% cap; par if ETF declines by 15% or less; 1.1765% loss per 1% drop beyond 15%
|
| Initial price: | $50.45
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435FVX2
|
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