Published on 8/17/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $250,000 dual directional buffered notes linked to DocuSign
By Angela McDaniels
Tacoma, Wash., Aug. 17 – HSBC USA Inc. priced $250,000 of 0% dual directional buffered notes due March 14, 2023 linked to the DocuSign, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock’s return is greater than or equal to zero, the payout at maturity will be par plus 300% of the stock return, subject to a maximum return of 34%.
If the stock’s return is less than zero but greater than or equal to negative 15%, the payout will be par plus the absolute value of the stock return.
If the stock’s return is less than negative 15%, investors will lose 1% for every 1% that the stock declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Dual directional buffered notes
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| Underlying indexes: | DocuSign, Inc.
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| Amount: | $250,000
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| Maturity: | March 14, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock’s return is greater than or equal to zero, par plus 300% of stock return, subject to maximum return of 34%; if stock’s return is less than zero but greater than or equal to negative 15%, par plus absolute value of stock return; otherwise, 1% loss for every 1% that stock declines beyond 15%
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| Initial share price: | $64.04
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| Buffer level: | 85% of initial level
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| Pricing date: | Sept. 9, 2022
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| Settlement date: | Sept. 14, 2022
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40441XNG1
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