New Issue: HSBC sells $863,000 dual directional buffered notes on Dow, Nasdaq

By Kiku Steinfeld

Chicago, June 21 – HSBC USA Inc. priced $863,000 of 0% dual directional buffered notes due April 2, 2025 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the lesser performing index.

If either index falls but the lesser performer declines by no more than the 15% buffer amount, then the payout at maturity will be par plus the absolute value of the return of the lesser performing index.

If the lesser performing index declines by more than 15%, then the payout will be par less the loss of that index beyond the 15% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100
Amount:	$863,000
Maturity:	April 2, 2025
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus any gain of lesser-performing index; if lesser-performing index falls by up to 15%, par plus absolute value of its return; otherwise, exposure to losses of lesser-performing index beyond 15% buffer
Initial values:	16,399.24 for Nasdaq, 35,135.94 for Dow
Buffer levels:	85% of initial levels
Pricing date:	Nov. 29, 2021
Settlement date:	Dec. 2, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	0.45%
Cusip:	40439JST3

© 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.