Published on 12/19/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1 million autocallable barrier notes with step-up premium on four stocks
By Kiku Steinfeld
Chicago, Dec. 20 – HSBC USA Inc. priced $1 million of 0% autocallable barrier notes with step-up premium due Dec. 16, 2024 linked to the least performing of the stocks of Nucor Corp., Alphabet Inc., Five Below, Inc. and Block Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 17.25% annualized call premium if each stock closes at or above 85% of its initial level on any quarterly observation date.
The payout will be par unless any stock finishes below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing stock from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium
|
| Underlying stocks: | Nucor Corp., Alphabet Inc., Five Below, Inc. and Block Inc.
|
| Amount: | $1 million
|
| Maturity: | Dec. 16, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing stock from its initial level
|
| Call: | At par plus 17.25% annualized premium if each stock closes at or above 85% of its initial level on any quarterly observation date
|
| Initial levels: | $115.55 for Nucor, $2,916.53 for Alphabet, $191.74 for Five Below, $175.44 for Block
|
| Barrier levels: | $75.1075 for Nucor, $1,895.7445 for Alphabet, $124.631 for Five Below, $114.036 for Block; 65% of initial levels
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 4%
|
|
|
| Cusip: | 40439JVH5
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
