New Issue: HSBC sells $107,000 barrier uncapped market participation notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., June 23 – HSBC USA Inc. priced $107,000 of 0% barrier uncapped market participation securities due Dec. 21, 2026 tied to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is positive, the payout at maturity will be par plus the return of the least-performing index.

Investors will receive par if any index falls by up to 25%.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped market participation securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$107,000
Maturity:	Dec. 21, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus the gain of least-performing index; par if any index falls by up to 25%; otherwise, full exposure to least-performing index’s decline
Initial levels:	4,668.67 for S&P, 35,897.64 for Dow
Barrier levels:	75% of initial levels
Pricing date:	Dec. 16, 2021
Settlement date:	Dec. 21, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40439JUC7

© 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.