By Wendy Van Sickle
Columbus, Ohio, Dec. 12 – HSBC USA Inc. priced $2.98 million of 0% Strategic Accelerated Redemption Securities due Dec. 13, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
After one year, the notes will be called at par of $10 plus a call premium of 9.25% per year if the index closes at or above its initial level on any of the six annual review dates.
The payout at maturity will be par plus the return.
Merrill Lynch & Co. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Strategic Accelerated Redemption Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,983,000
|
| Maturity: | Dec. 13, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus return
|
| Call: | At par plus 9.25% per year if index closes at or above initial level on any of the six annual review dates
|
| Initial index level: | 2,637.72
|
| Pricing date: | Dec. 10
|
| Settlement date: | Dec. 17
|
| Agent: | Merrill Lynch & Co.
|
| Fees: | 2%
|
| Cusip: | 40436A610
|
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