New York, April 17 – HSBC USA Inc. priced $2.59 million of 0% dual directional buffered notes due April 13, 2026 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 100% of the index return subject to a maximum return of par plus 26.45%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 15% 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.
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| Issue: | Dual directional buffered notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $2.59 million
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| Maturity: | April 13, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 100% of index return subject to a maximum return of par plus 26.45%; 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
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| Upside leverage: | 100%
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| Cap: | 26.45%
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| Threshold value: | 85% of initial level
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| Initial level: | 18,169.9
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| Call: | Non-callable
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0%
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| Cusip: | 40447AR89
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