Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $286,000 market participation securities linked to Stoxx
Chicago, Feb. 12 – HSBC USA Inc. priced $286,000 of 0% market participation securities due Sept. 3, 2024 tied to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the index return up to a maximum return of par plus 7.5%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market participation securities
|
| Underlying index: | Euro Stoxx 50 index
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| Amount: | $286,000
|
| Maturity: | Sept. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above its initial level, par plus the index return up to 7.5%; otherwise, par
|
| Initial level: | 4,269.64
|
| Pricing date: | May 25, 2023
|
| Settlement date: | May 31, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40441X6M7
|
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