Chicago, April 8 – HSBC USA Inc. priced $5.23 million of autocallable yield notes due May 5, 2025 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.84%, paid monthly.
The securities will be automatically called at par if the stock closes at or above its initial share price on any monthly determination date after six months.
If the stock gains or ends above its 63% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level, payable as shares.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | Nvidia Corp.
|
| Amount: | $5,234,000
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| Maturity: | May 5, 2025
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| Coupon: | 13.84%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level, payable in shares
|
| Call: | Automatically at par if stock closes at or above initial share price on any monthly determination date after six months
|
| Initial share price: | $894.52
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| Downside threshold: | $563.5476, 63% of initial share price
|
| Pricing date: | April 2
|
| Settlement date: | April 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40428HB68
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