By Wendy Van Sickle
Columbus, Ohio, April 5 – HSBC USA Inc. priced $2 million Strategic Accelerated Redemption Securities due March 25, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at an annualized call premium of 12.5% if the closing level of the index is greater than or equal to its initial level on any annual observation date.
If the notes are not called, investors lose 1% for each 1% decline in the index.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Strategic Accelerated Redemption Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2 million
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| Maturity: | March 25, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Full exposure to loss
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| Call: | At par plus 12.5% annualized if the closing level of the index is greater than or equal to its initial value on any annual observation date
|
| Initial level: | 3,902.52
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| Agent: | BofA Securities, Inc.
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
| Fees: | 2%
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| Cusip: | 40439N767
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