By Susanna Moon
Chicago, April 12 – HSBC USA Inc. priced $2 million of 0% buffered Accelerated Market Participation Securities due Aug. 5, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above 103% of the initial level, the payout at maturity will be par plus 243.75% of the gain beyond the upper threshold plus 10%, up to a maximum return of 39.25%.
If each index finishes at or above the 90% threshold and below the 103% threshold, the payout will be 76.92308% of the sum of 10% plus the return of the worse performing index.
Investors will receive par if each index falls between 10% and 15% and will be exposed to any losses of the worse performing index beyond 15%.
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 indexes: | S&P 500 and Russell 2000
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| Amount: | $2 million
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| Maturity: | Aug. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains by more than 3%, par plus 243.75% of the gain beyond the upper threshold plus 10%, up to a maximum return of 39.25%; if each index gains by up to 3% or falls by no more 10%, 76.92308% of 10% plus the return of the worse performing index; par if each index falls between 10% and 15%; exposure to any losses of worse performing index beyond 15%
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| Initial levels: | 2,047.60 for S&P and 1,097.314 for Russell
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.4%
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| Cusip: | 40433ULK0
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