By Wendy Van Sickle
Columbus, Ohio, Nov. 12 – HSBC USA Inc. priced $2.69 million of 0% buffered return enhanced notes due Nov. 13, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 10.06%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1.1765% for each 1% loss beyond 15%.
The placement agent is J.P. Morgan Securities LLC.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.69 million
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| Maturity: | Nov. 13, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times return of index, capped at par plus 10.06%; par if index declines by up to 15%; 1.1765% loss for each 1% loss beyond 15%
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| Initial value: | 2,790.75
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 13
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| Placement agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48130UAV6
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