Published on 12/18/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.64 million callable contingent income barrier notes on three indexes
New York, Dec. 18 – HSBC USA Inc. priced $1.64 million of callable contingent income barrier notes due March 17, 2025 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.76%, paid monthly, if each underlying index closes at or above its 70% barrier level on the related monthly observation date.
The securities may be called at par on any monthly observation date starting on June 17, 2024.
The payout at maturity will be par if the worst performing index ends at or above its 70% barrier value. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Callable contingent income barrier notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $1,635,000
|
| Maturity: | March 17, 2025
|
| Coupon: | 8.76%, paid monthly, if each underlying index closes at or above its 70% barrier level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above the barrier level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Call option: | At par on any monthly observation date starting on June 17, 2024
|
| Initial levels: | 16,354.25 for Nasdaq-100, 1,881.269 for Russell 2000, 4,643.70 for S&P 500
|
| Coupon barriers: | 11,447.975 for Nasdaq-100, 1,316.8883 for Russell 2000, 3,250.59 for S&P 500, 70% of initial levels
|
| Barrier levels: | 11,447.975 for Nasdaq-100, 1,316.8883 for Russell 2000, 3,250.59 for S&P 500, 70% of initial levels
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40447ASZ8
|
|
|
|
|
© 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.
