Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $9.86 million Accelerated Return Notes linked to Blackstone
By William Gullotti
Buffalo, N.Y., Dec. 14 – HSBC USA Inc. priced $9.86 million of 0% Accelerated Return Notes due Feb. 23, 2024 linked to the stock performance of Blackstone Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any gain of the stock, up to a maximum payout of par plus 62%.
Investors will be fully exposed to any decline of the stock.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Return Notes
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| Underlying stock: | Blackstone Inc.
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| Amount: | $9,863,070
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| Maturity: | Feb. 23, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple any gain, capped at par plus 62%; otherwise, full exposure to decline
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| Initial level: | $79.37
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 15
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| Agent: | BofA Securities, Inc.
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| Fees: | 1.75%
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| Cusip: | 40441B611
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