By Marisa Wong
Morgantown, W.Va., June 19 – HSBC USA Inc. priced $3.1 million of 0% market plus notes due June 17, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 32.25%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of 130% of the index return and zero. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Market plus notes
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| Underlying index: | S&P 500
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| Amount: | $3.1 million
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| Maturity: | June 17, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus greater of 1.3 times index return and zero unless index falls by more than 32.25%, in which case full exposure to index’s decline
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| Initial index level: | 2,437.92
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| Pricing date: | June 14
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| Settlement date: | June 19
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| Agents: | HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 40435FAB3
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