By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – HSBC USA Inc. priced $14.94 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 4, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 9.36%.
Investors will receive par if the index falls by up to 7.5% and will be exposed to any losses beyond 7.5%.
HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | S&P 500
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| Amount: | $14.94 million
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| Maturity: | Jan. 4, 2018
|
| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 9.36%; par if index falls by up to 7.5%; otherwise, 1% loss per 1% drop beyond 7.5%
|
| Initial level: | 2,270.75
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| Pricing date: | Jan. 4
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| Settlement date: | Jan. 10
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| Agents: | HSBC Securities (USA) Inc. and Wells Fargo Securities LLC
|
| Fees: | 0.24%
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| Cusip: | 40433UK47
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