By Sarah Lizee
Olympia, Wash., Feb. 11 – HSBC USA Inc. priced $5.5 million of 0% leveraged performance notes due Feb. 6, 2023 linked to the HSBC Vantage+ Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
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| Issue: | Leveraged performance notes
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| Underlying index: | HSBC Vantage+ Index (USD) Excess Return
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| Amount: | $5.5 million
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| Maturity: | Feb. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; if the index falls, par
|
| Initial level: | 233.35
|
| Pricing date: | Jan. 30
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| Settlement date: | Feb. 4
|
| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.65%
|
| Cusip: | 40435U3S1
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