By Marisa Wong
Madison, Wis., Dec. 31 – HSBC USA Inc. priced $4.7 million of 0% buffered uncapped market participation securities due Dec. 31, 2020 linked to a weighted basket of the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The index carries a weight of 80%, and the fund has a weight of 20%.
The payout at maturity will be par plus 1.05 times any gain in the basket.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered uncapped market participation securities
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| Underlying basket: | S&P 500 index (80% weight), iShares MSCI EAFE ETF (20% weight)
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| Amount: | $4.7 million
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| Maturity date: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.05 times any basket gain; par if basket falls by up to 20%; 1% loss for every 1% drop beyond 20%
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| Initial levels: | 2,080.35 for index, $61.22 for fund
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| Pricing date: | Dec. 30
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| Settlement date: | Dec. 31
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3%
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| Cusip: | 40433BXY9
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