By William Gullotti
Buffalo, N.Y., Jan. 31 – HSBC USA Inc. priced $2.13 million of 0% autocallable market-linked step-up notes due Jan. 29, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 13.3% if the index closes at or above its initial level on any annual call date.
If the index finishes above the step-up value, 140% of the initial level, the payout at maturity will be par of $10 plus the index gain.
If the index finishes flat or gains by up to the step-up level, the payout will be par plus the step-up payment of 40%.
Investors will be fully exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2,127,810
|
| Maturity: | Jan. 29, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index finishes flat or gains up to the step-up level, par plus 40%; otherwise, 1% loss for every 1% decline from initial level
|
| Call: | At par plus 13.3% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 4,173.98
|
| Step-up value: | 5,843.57; 140% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 44328M674
|
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