By William Gullotti
Buffalo, N.Y., Jan. 6 – HSBC USA Inc. priced $1.91 million of 0% barrier participation notes due Nov. 30, 2026 linked to the performance of the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 2.23 times the index return.
If the index declines but finishes at or above its 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier participation notes
|
| Underlying index: | AI Powered US Equity Adjusted Total Return index
|
| Amount: | $1,907,000
|
| Maturity: | Nov. 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 2.23 times index return; par if the index declines up to barrier level; otherwise, full exposure to index decline
|
| Initial level: | 6,982.05
|
| Barrier level: | 70% of initial level
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40439JTL9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
