Chicago, March 13 – HSBC USA Inc. priced $382,000 of autocallable contingent income barrier notes due Nov. 20, 2023 linked to the performance of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 21.27% if the stock closes at or above the coupon trigger level, 65% of the initial share price, on the relevant observation date. Previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial share price on any quarterly observation date.
The payout at maturity will be par plus any final coupon unless the stock finishes below its 50% barrier price, in which case investors will be fully exposed to the losses of the stock.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable contingent income barrier notes
|
| Underlying stock: | Tesla, Inc.
|
| Amount: | $382,000
|
| Maturity: | Nov. 20, 2023
|
| Coupon: | 21.27%, payable monthly if the stock closes at or above coupon trigger level on the relevant observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par plus any final coupon unless stock finishes below barrier price; otherwise, full exposure to losses of stock
|
| Call: | At par plus coupon if the stock closes at or above initial price on any quarterly observation date
|
| Initial price: | $761.61
|
| Coupon trigger level: | $495.0465, 65% of initial price
|
| Barrier level: | $380.805; 50% of initial price
|
| Pricing date: | May 17, 2022
|
| Settlement date: | May 20, 2022
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.875%
|
| Cusip: | 40439J4L6
|
|
|
© 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.
