Chicago, March 19 – HSBC USA Inc. priced $1.68 million of 0% dual directional buffered notes due Sept. 8, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 125% of the index return subject to a maximum return of par plus 17.75%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 10% 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: | S&P 500 index
|
| Amount: | $1,681,000
|
| Maturity: | Sept. 8, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 125% of index return subject to a maximum return of par plus 17.75%; 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
|
| Call: | Non-callable
|
| Initial level: | 5,137.08
|
| Threshold value: | 90% of initial level
|
| Upside leverage: | 125%
|
| Cap: | 17.75%
|
| Pricing date: | March 1
|
| Settlement date: | March 6
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40447AC93
|
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