New Issue: HSBC sells $346,000 barrier uncapped market participation notes on index, ETF

By Kiku Steinfeld

Chicago, April 18 – HSBC USA Inc. priced $346,000 of 0% barrier uncapped market participation securities due Sept. 30, 2026 tied to the least performing of the S&P 500 ESG index and the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each underlier is positive, the payout at maturity will be par plus 1.35 times the return of the worst performer.

Investors will receive par if any underlier falls by up to 30%.

Otherwise, investors will be fully exposed to the least-performing underlier’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped market participation securities
Underlying assets:	S&P 500 ESG index, iShares Global Clean Energy ETF
Amount:	$346,000
Maturity:	Sept. 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlier finishes above its initial level, par plus 1.35 times the increase of least-performing underlier; par if any underlier falls by up to 30%; otherwise, full exposure to worst performer’s decline from initial level
Initial levels:	380.37 for index, $22.43 for ETF
Barrier levels:	70% of initial levels
Pricing date:	Sept. 27, 2021
Settlement date:	Sept. 30, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40439JLJ2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.