By Wendy Van Sickle
Columbus, Ohio, April 5 – HSBC USA Inc. priced $500,000 of 0% barrier uncapped participation notes due March 28, 2022 linked to the least performing of the common stocks of Boeing Co., Microsoft Corp. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each stock is positive, the payout at maturity will be par plus 252% of the least-performing stock’s return.
If the return of the least-performing stock is less than or equal to zero but greater than or equal to negative 33%, the payout will be par.
If the return of any stock is less than negative 33%, investors will lose 1% for every 1% that the least-performing stock declines from its initial level.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier uncapped participation notes
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| Underlying stocks: | Boeing Co., Microsoft Corp. and Visa Inc.
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| Amount: | $500,000
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| Maturity: | March 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of each stock is positive, par plus 252% of least-performing stock’s return; if return of least-performing stock is less than or equal to zero but greater than or equal to negative 33%, par; if return of worst stock is less than negative 33%, 1% loss for every 1% that least-performing stock declines from initial level
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| Initial levels: | $256.06 for Boeing, $230.72 for Microsoft and $220.66 for Visa
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| Barrier levels: | 67% of initial levels
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| Pricing date: | March 18
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| Settlement date: | March 22
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 0.6%
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| Cusip: | 40438C3W9
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