By Susanna Moon
Chicago, Oct. 16 – HSBC USA Inc. priced $3 million of 0% Strategic Accelerated Redemption Securities due Sept. 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12.1% if the index closes at or above its initial level on any annual observation date.
If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Strategic Accelerated Redemption Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3 million
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| Maturity: | Sept. 28, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par unless index falls, in which case 1% loss for each 1% decline
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| Call: | At par plus 12.1% if index closes at or above initial level on any of six annual observation dates
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| Initial level: | 3,563.64
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 5
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| Agent: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 40435G147
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