New York, Dec. 22 – HSBC USA Inc. priced $1.02 million of 0% dual directional buffered notes due Sept. 22, 2025 linked to the S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 100% of the worst performing index return subject to a maximum return of par plus 39.8%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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: | S&P 500 index and Russell 2000 index
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| Amount: | $1,016,000
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| Maturity: | Sept. 22, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 100% of worst performing index return subject to a maximum return of par plus 39.8%; par plus absolute value of worst performing index return if worst performing index declines but finishes above 90% buffer level; 1% loss for every 1% that worst performing index declines beyond buffer
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| Upside leverage: | 100%
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| Cap: | 39.8%
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| Buffer levels: | 90% of initial levels
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| Initial levels: | 1,982.417 for Russell 2000, 4,740.56 for S&P 500
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| Call: | Non-callable
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 21
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1.875%
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| Cusip: | 40447ATP9
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