Chicago, Feb. 8 – HSBC USA Inc. priced $540,000 of 0% barrier participation notes with autocall feature due May 26, 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 12.8% if the index closes at or above its initial level on May 22, 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 autocall feature
|
| Underlying index: | Nasdaq-100 index
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| Amount: | $540,000
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| Maturity: | May 26, 2026
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| 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 12.8% call premium if the index closes at or above initial level on May 22, 2024
|
| Initial level: | 13,803.49
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| Barrier level: | 75% of initial level
|
| Pricing date: | May 19, 2023
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| Settlement date: | May 24, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40441X6E5
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