By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – HSBC USA Inc. priced $16.75 million of 0% autocallable market-linked step-up notes due Aug. 27, 2026 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 5.3% annualized premium if the index closes at or above its initial level on any annual call observation date.
If the index finishes above the step-up value, 125% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 25%.
Investors will receive par if the index falls by up to 15% and will be exposed to any index decline beyond 15%.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable market-linked step-up notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $16,752,640
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| Maturity: | Aug. 27, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes above the step-up value, par plus the index gain; if the index finishes at or below the step-up level but at or above the initial level, par plus 25%; otherwise, lose 1% for every 1% decline of the index from its initial level
|
| Call: | At par plus 5.3% annualized premium if the index closes at or above its initial level on any annual call observation date
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| Initial index level: | 4,169.87
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| Step-up value: | 5,252.34; 125% of initial value
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| Threshold level: | 3,544.39, 85% of initial value
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| Pricing date: | Aug. 26
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| Settlement date: | Sept. 3
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| Agent: | BofA Securities, Inc.
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| Fees: | 2%
|
| Cusip: | 40439K516
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