By Sarah Lizee
Olympia, Wash., Dec. 6 – HSBC USA Inc. priced $1.07 million of 0% market-linked notes due Nov. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at par plus 22.75%.
Investors will receive par if the index falls or remains flat.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.07 million
|
| Maturity: | Nov. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 22.75%; par if the index falls or remains flat
|
| Initial index level: | 2,682.17
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc
|
| Fees: | None
|
| Cusip: | 40435UAX2
|
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