Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $500,000 market participation notes on Apple, Alphabet
Chicago, May 23 – HSBC USA Inc. priced $500,000 of 0% market participation securities due July 5, 2024 tied to the least performing of the common stock of Apple Inc. and the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each stock is positive, the payout at maturity will be par plus the return of the least-performing stock, capped at par plus 14.4%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Market participation securities
|
Underlying stocks: | Apple Inc. and Alphabet Inc.
|
Amount: | $500,000
|
Maturity: | July 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each stock finishes above its initial level, par plus increase of least-performing stock, capped at par plus 14.4%; otherwise, par
|
Initial levels: | $139.23 for Apple, $2,234.03 for Alphabet
|
Pricing date: | June 29, 2022
|
Settlement date: | July 5, 2022
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 1.75%
|
Cusip: | 40441XDM9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.