By Marisa Wong
Morgantown, W.Va., Feb. 28 – HSBC USA Inc. priced $7.57 million of 0% Accelerated Return Notes due Feb. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 16.65%.
Investors will be exposed to any losses.
The starting value will the lowest closing level of the index during the one-month period beginning on the pricing date.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,569,790
|
| Maturity: | Feb. 28, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at 16.65%; 1% loss for each 1% decline
|
| Initial level: | Lowest closing level of the index during the one-month period beginning on the pricing date
|
| Pricing date: | Feb. 22
|
| Settlement date: | March 1
|
| Agent: | BofA Merrill Lynch
|
| Fees: | 2%
|
| Cusip: | 40435M300
|
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