Published on 10/19/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.18 million autocallable leveraged buffered notes on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – HSBC USA Inc. priced $12.18 million of 0% autocallable leveraged buffered notes due Oct. 18, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 10.28% if the index closes at or above its initial level on Oct. 24, 2022.
If the index return is positive, the payout at maturity will be par plus 2 times the index return. Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable leveraged buffered notes
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| Underlying index: | Nasdaq-100
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| Amount: | $12,181,000
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| Maturity: | Oct. 18, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10.28% if index closes at or above initial level on Oct. 24, 2022
|
| Payout at maturity: | If the index return is positive, par plus 2 times the index return; full exposure to loss
|
| Initial level: | 15,052.42
|
| Pricing date: | Oct. 14
|
| Settlement date: | Oct. 21
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40439JQA6
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