By Kiku Steinfeld
Chicago, April 26 – HSBC USA Inc. $613,000 of 0% barrier enhanced participation notes due April 8, 2026 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Technology Select Sector SPDR fund, according to a 414B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.98 times any gain of the lesser performing ETF.
Investors will receive par if the lesser-performing ETF falls by up to 20% and will be fully exposed to the decline of the lesser performing ETF if it finishes below the 80% barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier enhanced participation notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF and Technology Select Sector SPDR fund
|
| Amount: | $613,000
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| Maturity: | April 8, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.98 times any gain of the lesser performing ETF; par if the lesser-performing ETF falls by up to 20%; full exposure to the decline of the lesser performing ETF if it finishes below the 80% barrier level
|
| Initial levels: | $138.28 for SPDR, $54.07 for iShares
|
| Pricing date: | April 5
|
| Settlement date: | April 8
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.75%
|
| Cusip: | 40438C4A6
|
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