Published on 12/29/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.97 million Accelerated Return Notes on Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., Dec. 29 – HSBC USA Inc. priced $12.97 million of 0% Accelerated Return Notes due Feb. 28, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 20.71%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $12,974,610
|
| Maturity: | Feb. 28, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at par plus 20.71%; full exposure to any index decline
|
| Initial level: | 4,524.86
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 29
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 403954779
|
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