By Sarah Lizee
Olympia, Wash., Sept. 14 – HSBC USA Inc. priced $10 million of 0% autocallable securities due Sept. 12, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 9.75% per year if the index closes at or above its initial level on any annual call date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 97.5%. If the index falls, investors will be exposed to any losses of the index.
HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable securities
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| Underlying index: | S&P 500
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| Amount: | $10 million
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| Maturity: | Sept. 12, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 9.75% per year if index closes at or above initial level on any annual call date
|
| Payout at maturity: | If index finishes at or above initial level, par plus 97.5%; exposure to any losses
|
| Initial level: | 3,426.96
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 11
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| Agent: | HSBC Securities (USA) Inc.
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 0.25%
|
| Cusip: | 40438Q852
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