Published on 4/28/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.3 million buffered accelerated market participation notes on gold ETF
By Wendy Van Sickle
Columbus, Ohio, April 28 – HSBC USA Inc. priced $1.3 million of 0% buffered Accelerated Market Participation Securities due April 24, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, capped at par plus 42.8%.
Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
HSBC Securities USA Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying fund: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,296,000
|
| Maturity: | April 24, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus 200% of fund return, capped at par plus 42.8%; par if fund declines by 10% or less; 1% loss for every 1% fund declines beyond 10%
|
| Initial index level: | $34.90
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40439JN76
|
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