By Wendy Van Sickle
Columbus, Ohio, March 25 – HSBC USA Inc. priced $8.66 million of 0% trigger jump securities due June 23, 2022 linked to the common stock of Moderna, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock level is greater than or equal to the initial stock level, the payout at maturity will be par of $10 plus the greater of the stock return and 52%.
If the final stock level is less than the initial stock level but greater than or equal to the 80% trigger level, the payout will be par.
If the final stock level is less than the trigger level, investors will be exposed to the decline from the initial stock level.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Trigger jump securities
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| Underlying stock: | Moderna, Inc.
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| Amount: | $8,663,230
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| Maturity: | June 23, 2022
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the final stock level is greater than or equal to the initial stock level, par plus the greater of the stock return and 52%; if the final stock level is less than the initial stock level but greater than or equal to the trigger level, par; otherwise, investors will be exposed to the decline from the initial stock level
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| Initial stock level: | $143.74
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| Trigger level: | $114.992, 80% of initial level
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| Pricing date: | March 19
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| Settlement date: | March 24
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2.25%
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| Cusip: | 40438U580
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