Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $308,000 dual directional buffered notes linked to Nasdaq, Russell
Chicago, May 25 – HSBC USA Inc. priced $308,000 of 0% dual directional buffered notes due July 8, 2024 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is greater than or equal to zero, the payout at maturity will be par plus 1.1 times that index’s return, subject to a maximum return of 59.2%.
If the return of the lesser-performing index is less than zero but greater than or equal to negative 10%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the return of the lesser-performing index is less than negative 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional buffered notes
|
| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
| Amount: | $308,000
|
| Maturity: | July 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing index’s return is greater than or equal to zero, par plus 1.1 times that index’s return, subject to maximum return of 59.2%; if return of lesser-performing index is less than zero but greater than or equal to negative 10%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 10%
|
| Initial levels: | 11,503.72 for Nasdaq and 1,707.99 for Russell
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | June 30, 2022
|
| Settlement date: | July 6, 2022
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40439J7G4
|
|
|
|
|
© 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.
