By Wendy Van Sickle
Columbus, Ohio, June 27 – HSBC USA Inc. priced $7.16 million of 0% Buffered Uncapped Market Participation Securities with autocall feature due June 9, 2025 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 a 10% premium if the index closes at or above its initial level on June 6, 2024.
If the index return is positive, the payout at maturity will be par plus 2.6 times the index return. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Uncapped Market Participation Securities with autocall feature
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| Underlying index: | Nasdaq-100
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| Amount: | $7,157,000
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| Maturity: | June 9, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2.6 times any index gain; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
|
| Call: | Automatically at par plus 10% if index closes at or above initial level on June 6, 2024
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| Initial index level: | 14,558.09
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| Pricing date: | June 6
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| Settlement date: | June 9
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40447ABQ6
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