Chicago, Aug. 25 – HSBC USA Inc. priced $1.23 million of 0% barrier market participation securities with physical delivery due Sept. 23, 2024 tied to the common stock of DocuSign, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus triple the return, subject to a maximum payout of par plus 34.35%.
Investors will receive par if the stock falls by up to 35%.
Otherwise, investors will be fully exposed to the stock’s decline from its initial level, payable in shares.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier market participation securities with physical delivery
|
| Underlying stock: | DocuSign, Inc.
|
| Amount: | $1,229,000
|
| Maturity: | Sept. 23, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any stock gain up to 34.35%; par if stock falls by up to 35%; otherwise, 1% loss for each 1% decline of stock, payable in shares
|
| Initial level: | $48.28
|
| Barrier level: | 65% of initial level
|
| Pricing date: | Aug. 18
|
| Settlement date: | Aug. 23
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40428HXU1
|
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