Chicago, Aug. 31 – HSBC USA Inc. priced $815,000 of 0% autocallable barrier notes with step-up premium due Sept. 2, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium at a 20% annual rate starting with the quarterly call observation date on Feb. 27, 2023 and on any subsequent quarterly observation date if the stock closes above 80% of its initial level.
The maturity date call premium is 60%.
If not called, the payout at maturity will be par if the stock finishes at or above its 50% barrier. Investors will lose 1% for every 1% that the stock declines if it finishes below the barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium
|
| Underlying stock: | Tesla, Inc.
|
| Amount: | $815,000
|
| Maturity: | Sept. 2, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If called because stock closes above 80% of initial level, par plus 60%; if stock finishes between 50% and 80% of initial level par; 1% loss for every 1% that stock declines if it ends below the barrier level
|
| Call: | Automatically at par plus 20% annual premium if stock closes above call level starting after six months and on any subsequent quarterly observation date
|
| Initial level: | $296.07
|
| Call level: | 80% of initial level
|
| Barrier level: | $148.035, 50% of initial level
|
| Pricing date: | Aug. 25, 2022
|
| Settlement date: | Aug. 30, 2022
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.775%
|
| Cusip: | 40441XHY9
|
|
|
© 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.
