By Marisa Wong
Morgantown, W.Va., Feb. 23 – HSBC USA Inc. priced $194,000 of 0% dual directional barrier notes due Feb. 28, 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 113% of the index gain.
If the index return is zero or negative but the final level is at least 65% of the initial level, the payout will be par plus the absolute value of the index return.
If the final level is less than 65% of the initial level, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Dual directional barrier notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $194,000
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| Maturity: | Feb. 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 113% of the index gain; if the index return is zero or negative but the final level is at least 65% of the initial level, par plus the absolute value of the index return; if the final level is less than 65% of the initial level, investors will be fully exposed to the index decline
|
| Initial index level: | 2,871.05
|
| Pricing date: | Feb. 19
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| Settlement date: | Feb. 26
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
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| Cusip: | 40433UGP5
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