Chicago, Aug. 14 – HSBC USA Inc. priced $700,000 of 0% autocallable barrier notes with step-up premium and digital upside return due July 31, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10.5% annualized call premium if the index closes at or above its initial level on any annual observation date.
If the index return is positive, the payout at maturity will be the greater of par plus 30% or par plus the index return.
If the index return is negative, the payout will be par if the decline is not greater than 25%.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium and digital upside return
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $700,000
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| Maturity: | July 31, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, greater of par plus 30% or par plus return of index; par if index declines but not more than 25%; otherwise, full exposure to losses of index
|
| Call: | At par plus a 10.5% annualized call premium if the index closes at or above its initial level on any annual observation date
|
| Initial index level: | 4,346.15
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| Barrier level: | 75% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 31
|
| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.35%
|
| Cusip: | 40447AGM0
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