Chicago, Feb. 6 – HSBC USA Inc. priced $500,000 of 0% dual directional buffered notes due Nov. 17, 2023 linked to the class a common stock of Airbnb, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 300% of the index return subject to a maximum return of par plus 9.5%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional buffered notes
|
| Underlying index: | Airbnb, Inc. (Ticker: ABNB)
|
| Amount: | $500,000
|
| Maturity: | Nov. 17, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 300% of index return subject to a maximum return of par plus 9.5%; par plus absolute value of index return if index declines but finishes above threshold value; 1% loss for every 1% that index declines beyond threshold value
|
| Initial level: | $113.19
|
| Buffer level: | 85% of initial level
|
| Upside leverage: | 300%
|
| Cap: | 9.5%
|
| Call: | Non-callable
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| Pricing date: | May 10, 2023
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| Settlement date: | May 17, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.25%
|
| Cusip: | 40447ABA1
|
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