By William Gullotti
Buffalo, N.Y., Feb. 21 – HSBC USA Inc. priced $1.73 million of 0% autocallable buffered notes with step-up premium and digital upside return due Feb. 16, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 13.45% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index finishes flat or gains, the payout at maturity will be the greater of par plus the index return and par plus 35% digital upside return.
Investors will receive par if the index falls by no more than 5% and will lose 1% for every 1% that the index declines beyond 5%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable buffered notes with step-up premium and digital upside return
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,729,000
|
| Maturity: | Feb. 16, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, the greater of par plus the index return and par plus 35%; par if index falls by no more than 5%; otherwise, 1% loss for each 1% decline beyond 5%
|
| Call: | At par plus a 13.45% annualized call premium if the index closes at or above its initial level on any annual valuation date
|
| Initial index level: | 4,715.87
|
| Buffer level: | 95% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.25%
|
| Cusip: | 40447AA38
|
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