By Marisa Wong
Morgantown, W.Va., May 1 – HSBC USA Inc. priced $701,000 of 0% buffered Accelerated Market Participation Securities due Jan. 2, 2020 linked to the iShares MSCI ACWI 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 14%.
Investors will receive par if the ETF falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
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 ETF: | iShares MSCI MSCI ACWI ETF
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Amount: | $701,000
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Maturity: | Jan. 2, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any ETF gain, up to 14% cap; par if ETF declines by 5% or less; 1% loss per 1% drop beyond 5%
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Initial price: | $72.26
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Pricing date: | April 26
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Settlement date: | May 1
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40435FWW3
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