Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $432,000 0% buffered AMPS linked to Nasdaq-100
Chicago, Feb. 12 – HSBC USA Inc. priced $432,000 of 0% buffered accelerated market participation securities due Sept. 3, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 150% of the index return subject to a maximum return of par plus 13%. Investors will receive par if the index declines but ends above the 15% buffer and will lose 1% for every 1% that the index declines beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $432,000
|
| Maturity: | Sept. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 150% of index return subject to a maximum return of par plus 13%; par if index declines but finishes above the 15% buffer; otherwise, exposure to decline in index beyond buffer
|
| Initial level: | 13,938.53
|
| Buffer level: | 85% of initial level
|
| Upside leverage: | 150%
|
| Cap: | 13%
|
| Buffer: | 15%
|
| Call: | Non-callable
|
| Pricing date: | May 25, 2023
|
| Settlement date: | May 31, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40441X6U9
|
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