Published on 1/19/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.08 million digital barrier securities tied to KraneShares CSI China Internet
By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – HSBC USA Inc. priced $1.08 million of 0% digital barrier securities due Nov. 1, 2022 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its 70% of its initial level, the payout at maturity will be par plus the digital upside return of 29.5%.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Digital barrier securities
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| Underlying ETF: | KraneShares CSI China Internet ETF
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| Amount: | $1,075,000
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| Maturity: | Nov. 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its 70% of its initial level, par plus 29.5%; otherwise, full exposure to the decline of ETF from initial level
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| Initial level: | $48.32
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| Barrier level: | 70% of initial level
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| Pricing date: | Aug. 27
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| Settlement date: | Sept. 1
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0%
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| Cusip: | 40439JKF1
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