Chicago, May 27 – HSBC USA Inc. priced $600,000 of callable notes with contingent return due Nov. 9, 2023 linked to the performance of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 13.8% if the stock closes at or above the 65% coupon trigger level on the related observation date.
HSBC may call the notes at par on any quarterly coupon payment date.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below its 65% barrier level, in which case investors will be exposed to the losses of the stock.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Callable notes with contingent return
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| Underlying stock: | Zoom Video Communications, Inc.
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| Amount: | $600,000
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| Maturity: | Nov. 9, 2023
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| Coupon: | 13.8%, payable quarterly if each asset closes at or above coupon trigger on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon unless the stock finishes below barrier value, in which case investors will be exposed to the losses of the stock
|
| Call option: | At par on any quarterly coupon payment date
|
| Initial level: | $264.70
|
| Coupon trigger: | $172.055; 65% of initial value
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| Barrier value: | $172.055; 65% of initial value
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| Pricing date: | Nov. 5, 2021
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| Settlement date: | Nov. 10, 2021
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
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| Cusip: | 40439JSD8
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