Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $379,000 autocallable barrier notes with step-up premium on three indexes
Chicago, Oct. 25 – HSBC USA Inc. priced $379,000 of 0% autocallable barrier notes with step-up premium due March 1, 2027 linked to the least performing of the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.72% annualized call premium if each index closes at or above its initial level on any semiannual observation date after one year.
If the notes are not called, the payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable barrier notes with step-up premium
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| Underlying indexes: | Nasdaq-100 index, Euro Stoxx 50 index, Russell 2000 index
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| Amount: | $379,000
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| Maturity: | March 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
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| Call: | At par plus a 10.72% annualized call premium if each index closes at or above its initial level on any semiannual observation date after one year
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| Initial index levels: | 3,973.41 for Stoxx, 1,944.092 for Russell, 13,509.43 for Nasdaq
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| Barrier levels: | 2,582.7165 for Stoxx, 1,263.6598 for Russell, 8,781.1295 for Nasdaq; 65% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3.625%
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| Cusip: | 40439JB79
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