By Sarah Lizee
Olympia, Wash., April 27 – HSBC USA Inc. priced $1.03 million of 0% dual directional buffered notes due April 27, 2023 linked to the lesser performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any gain of the least performing index.
If any index falls but the least performer declines by no more than the 20% buffer amount, then the payout at maturity will be par plus the absolute value of the return of the least performing index.
If the least performing index declines by more than 20%, then the payout will be par less the loss of that index beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Dual directional buffered notes
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| Underlying indexes: | Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $1,025,000
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| Maturity: | April 27, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.1 times any gain of the least performing index; if any index falls but the least performer declines by no more than the 20% buffer amount, par plus the absolute value of the return of the least performing index; if the least performing index declines by more than 20%, par less the loss of that index beyond the 20% buffer
|
| Initial values: | 23475.82 for Dow, 1201.523 for Russell and 8664.635 for Nasdaq
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| Buffer levels: | 80% of initial levels
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1%
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| Cusip: | 40438CFG1
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