By Wendy Van Sickle
Columbus, Ohio, May 24 – HSBC USA Inc. priced $1.77 million of 0% barrier participation notes with autocall feature due May 15, 2026 linked to the performance of the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a call premium of 15% if the stock closes at or above its initial level on May 17, 2024.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 2 times the stock return.
If the stock declines but finishes at or above its 75% barrier level, the payout will be par.
Otherwise, 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: | Barrier participation notes with autocall feature
|
| Underlying stock: | Walt Disney Co.
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| Amount: | $1,765,000
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| Maturity: | May 15, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the stock finishes at or above initial level, par plus 2 times stock return; par if the stock declines up to barrier level; otherwise, full exposure to stock decline
|
| Call: | Automatically at par plus 15% call premium if the stock closes at or above initial level on May 17, 2024
|
| Initial level: | $101.14
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| Barrier level: | 75% of initial level
|
| Pricing date: | May 10
|
| Settlement date: | May 15
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40428HWM0
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