By Marisa Wong
Morgantown, W.Va., May 1 – HSBC USA Inc. priced $10 million of 0% autocallable yield notes due April 28, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium of 9.25% per year if the index closes at or above its initial level on any annual review date.
If the notes are not called, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying index: | S&P 500
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| Amount: | $10 million
|
| Maturity: | April 28, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus 9.25% per year if index closes at or above initial level on any annual review date
|
| Payout at maturity: | Full exposure to any index decline
|
| Initial level: | 2,666.94
|
| Trade date: | April 27
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435FZQ3
|
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