Published on 12/22/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.28 million barrier digital notes linked to Dow, Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – HSBC USA Inc. priced $2.28 million of 0% barrier digital notes due Dec. 26, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the least performing index is greater than or equal to negative 30%, the payout at maturity will be par plus 7%.
If the return of the least performing index is less than negative 30%, investors will lose 1% for every 1% that the least performing index declines from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier digital notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $2,276,000
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Maturity: | Dec. 26, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of least performing index is greater than or equal to negative 30%, par plus 7%; otherwise, exposure to decline of least performing index
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Initial levels: | 37,306.02 for Dow, 1,982.417 for Russell and 16,729.8 for Nasdaq
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Barrier levels: | 70% of initial levels
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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: | 2%
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Cusip: | 40447ATQ7
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