Published on 2/29/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.88 million barrier uncapped market participation notes on Euro Stoxx 50, Stoxx Europe 600
By Wendy Van Sickle
Columbus, Ohio, Feb. 29 – HSBC USA Inc. priced $1.88 million of 0% barrier uncapped market participation securities due Dec. 21, 2026 tied to the least performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is positive, the payout at maturity will be par plus 2.61 times the return of the least-performing index.
Investors will receive par if any index falls by up to 25%.
Otherwise, investors will be fully exposed to the least-performing index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier uncapped market participation securities
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| Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600 index
|
| Amount: | $1,876,000
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| Maturity: | Dec. 21, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 2.61 times the gain of least-performing index; par if any index falls by up to 25%; otherwise, full exposure to least-performing index’s decline
|
| Initial levels: | 4,864.29 for Euro Stoxx 50, 495.43 for Stoxx Europe 600
|
| Barrier levels: | 75% of initial levels
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 29
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40447AB60
|
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