Published on 6/21/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $10 million of trigger jump securities tied to four stocks
By Emma Trincal
New York, June 21 – HSBC USA Inc. priced $10 million of 0% trigger jump securities due July 7, 2022, linked to the worst performing of the stocks of Airbnb, Inc., Facebook, Inc., Live Nation Entertainment, Inc. and United Airlines Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final worst performing stock is greater than or equal to its trigger price, 60% of its initial level, the payout at maturity will be par of $10 plus the upside payment, which is 19.2%.
If the final worst performing stock is less than the trigger level, investors will be exposed to the decline of the worst performing stock from its initial level.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Trigger jump securities
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| Underlying stocks: | Airbnb, Inc., Facebook, Inc., Live Nation Entertainment, Inc. and United Airlines Holdings, Inc.
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| Amount: | $10 million
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| Maturity: | July 7, 2022
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| Price: | Par of $10
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| Payout at maturity: | If final level of worst performing stock is greater than or equal to its trigger price, par plus 19.2% upside payment; if final level of worst performing stock is less than trigger level, exposure to decline of the worst performing stock from initial level
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| Initial stock levels: | $149.15 for Airbnb, $331.08 for Facebook, $87.22 for Live Nation and $55.60 for United Airlines
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| Trigger level: | $89.49 for Airbnb, $198.648 for Facebook, $52.332 for Live Nation and $33.36 for United Airlines, 60% of initial level
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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| Fees: | 0.64%
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| Cusip: | 40439K789
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