By William Gullotti
Buffalo, N.Y., Dec. 1 – HSBC USA Inc. priced $1.49 million of 0% barrier participation notes due Nov. 29, 2024 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.55 times the index return.
If the index declines but finishes at or above its 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier participation notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1.49 million
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| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus 1.55 times index return; par if the index declines up to barrier level; otherwise, full exposure to index decline
|
| Initial level: | 4,276.25
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| Barrier level: | 70% of initial level
|
| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40439JTG0
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