By William Gullotti
Buffalo, N.Y., June 20 – HSBC USA Inc. priced $2.5 million of 0% digital return notes due Dec. 21, 2023 tied to the stock performance of Humana Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 85% of its initial level, the payout at maturity will be par plus 5.15%.
Otherwise, investors will lose 1.1765% for each 1% decline of the stock beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Digital return notes
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| Underlying stock: | Humana Inc.
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| Amount: | $2.5 million
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| Maturity: | Dec. 21, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above 85% of its initial level, par plus 5.15%; otherwise, 1.1765% loss for each 1% decline of the stock beyond 15%
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| Initial level: | $455.00
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| Downside threshold: | 85% of initial level
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| Strike date: | June 14
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| Pricing date: | June 15
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| Settlement date: | June 21
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1%
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| Cusip: | 40428HXA5
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