By Marisa Wong
Morgantown, W.Va., Oct. 19 – HSBC USA Inc. priced $553,000 of 0% buffered market participation securities due Jan .17, 2020 tied 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 any fund gain, capped at 18.25%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered market participation securities
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Underlying fund: | iShares MSCI Emerging Markets ETF
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Amount: | $553,000
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Maturity: | Jan .17, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any fund gain, capped at 18.25%; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | $40.29
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Pricing date: | Oct. 12
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Settlement date: | Oct. 17
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.275%
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Cusip: | 40435F3K1
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