Chicago, July 12 – HSBC USA Inc. priced $1.46 million of 0% buffered accelerated market participation securities due Nov. 27, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 11.15%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,457,000
|
| Maturity: | Nov. 27, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 11.15%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10% buffer
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40438C6U0
|
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