Published on 12/31/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.79 million Accelerated Return Notes tied to Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – HSBC USA Inc. priced $12.79 million of 0% Accelerated Return Notes due Feb. 25, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payout of par plus 17.71%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Nasdaq-100
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| Amount: | $12,793,800
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| Maturity: | Feb. 25, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 17.71%; full exposure to any index decline
|
| Initial index level: | 12,653.14
|
| Final index level: | Average of index’s closing levels on five trading days ending Feb. 22, 2022
|
| Pricing date: | Dec. 23
|
| Settlement date: | Dec. 31
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 40438Q381
|
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