By Marisa Wong
Los Angeles, April 13 – HSBC USA Inc. priced $770,000 of 0% dual directional digital plus securities due April 14, 2026 linked to the least performing of the of iShares MSCI EAFE exchange-traded fund, the iShares MSCI Emerging Markets ETF and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing ETF finishes at or above its initial value, the payout at maturity will be par plus the greater of the return of the least performing ETF and 52%.
If the least performing ETF finishes below its initial value but at or above its barrier value, 70% of its initial value, the payout will be par plus the absolute value of the return of the least performing ETF.
If the least performing ETF finishes below its barrier value, investors will receive a number of shares of the least performing ETF equal to $1,000 divided by the initial value of that ETF.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional digital plus securities
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| Underlying ETFs: | iShares MSCI EAFE ETF, iShares MSCI Emerging Markets ETF and iShares Russell 2000 Value ETF
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| Amount: | $770,000
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| Maturity: | April 14, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least performing ETF finishes at or above its initial value, par plus the greater of the return of least performing ETF and 52%; if least performing ETF finishes below its initial value but at or above its barrier value, par plus the absolute value of the return of the least performing ETF; otherwise, a number of shares of the least performing ETF equal to $1,000 divided by the initial value of that ETF
|
| Initial values: | $77.99 for EAFE, $53.55 for EM and $160.65 for Russell
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| Pricing date: | April 9
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| Settlement date: | April 14
|
| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
|
| Cusip: | 40428HQC9
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