By Marisa Wong
Los Angeles, June 21 – HSBC USA Inc. priced $730,000 of 0% barrier Accelerated Market Participation Securities due March 31, 2026 tied to the iShares Global Clean Energy exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, capped at par plus 145%.
Investors will receive par if the ETF falls by up to 30% and will lose 1% for each 1% decline below the initial level if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $730,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 145%; par if ETF falls by up to 30%; full exposure to losses if ETF falls by more than 30%
|
| Initial value: | $22.96
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40438C2J9
|
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