By Wendy Van Sickle
Columbus, Ohio, April 4 – HSBC USA Inc. priced $2.63 million of 0% barrier participation notes with call feature due March 30, 2026 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 17% if the index closes at or above its initial level on March 26, 2024.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the return of the index.
If the index finishes negative but at or above its 75% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier participation notes with call feature
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $2,629,000
|
| Maturity: | March 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.5 times the index return; if index’s final level is negative but at or greater than barrier level, par; otherwise, full exposure to the decline of the index from its initial level
|
| Call: | At par plus 17% if index closes at or above initial level on March 26, 2024
|
| Initial level: | 12,767.05
|
| Barrier level: | 75% of initial level
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40441XY38
|
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