Published on 6/29/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $10.28 million Accelerated Return Notes tied to VanEck Vectors Gold Miners
By Wendy Van Sickle
Columbus, Ohio, June 29 – HSBC USA Inc. priced $10.28 million of 0% Accelerated Return Notes due Aug. 26, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any ETF gain, up to a maximum payout of par plus 28.85%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying ETF: | VanEck Vectors Gold Miners
|
| Amount: | $10,281,060
|
| Maturity: | Aug. 26, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any ETF gain, capped at par plus 28.85%; full exposure to any ETF decline
|
| Initial ETF level: | $34.44
|
| Final ETF level: | Average of ETF’s closing levels on five trading days ending Aug. 23, 2022
|
| Pricing date: | June 24
|
| Settlement date: | July 1
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 40439K870
|
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