By Marisa Wong
Madison, Wis., Dec. 31 - HSBC USA Inc. priced $2.55 million of 0% airbag performance securities due Dec. 30, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 295% of the return.
If the index return is zero or negative but at least negative 50%, the payout will be par.
If the index return is less than negative 50%, investors will lose 2% for every 1% decline beyond the 50% threshold percentage.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Airbag performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,552,000
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return is positive, par plus 295% of gain; if return is zero or negative but at least negative 50%, par; if return is less than negative 50%, 2% loss for every 1% decline beyond 50%
|
| Initial level: | 2,659.95
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
|
| Fees: | 5%
|
| Cusip: | 40433T521
|
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