By Kiku Steinfeld
Chicago, Oct. 12 – HSBC USA Inc. priced $280,000 of 0% barrier participation notes with call feature due March 30, 2026 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a call premium of 13.75% if the index closes at or above its initial level on March 26, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the index return.
If the index declines but finishes at or above its 75% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier participation notes with call feature
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $280,000
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| Maturity: | March 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 1.5 times index return; par if the index declines up to barrier level; otherwise, full exposure to index decline
|
| Call: | Automatically at par plus 13.75% call premium if the index closes at or above initial level on March 26, 2024
|
| Initial level: | 12,767.05
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| Barrier level: | 75% of initial level
|
| Pricing date: | March 24, 2023
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| Settlement date: | March 29, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40441X4E7
|
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