By William Gullotti
Buffalo, N.Y., Feb. 21 – HSBC USA Inc. priced $1.3 million of 11.15% autocallable yield notes due Feb. 17, 2026 linked to the stock performance SVB Financial Group, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
After six months, the notes will be called at par if the stock closes at or above its initial level on any quarterly call date.
The payout at maturity will be par unless the stock finishes below its 50% trigger price, in which case investors will be fully exposed to the decline of the stock from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | SVB Financial Group
|
| Amount: | $1,301,000
|
| Maturity: | Feb. 17, 2026
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| Coupon: | 11.15%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below trigger price, in which case lose 1% for each 1% decline from initial price
|
| Call: | Automatically at par if stock closes at or above initial level on any quarterly call date after six months
|
| Initial share price: | $310.77
|
| Trigger price: | $155.385; 50% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 17
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40441XL73
|
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