By Cady Vishniac
Detroit, Nov. 25 – HSBC USA Inc. priced $3.75 million of 0% digital notes due Nov. 3, 2022 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 14.63%.
Investors will lose 1.1111% for each 1% decline of the index beyond 10% of initial level.
HSBC Securities (USA) Inc. is the agent. Goldman Sachs & Co. LLC is a dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital notes
|
| Underlying index: | Russell 2000
|
| Amount: | $3.75 million
|
| Maturity: | Nov. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains or falls by up to 10%, par plus 14.63%; 1.1111% loss of index for each 1% decline of the index beyond 10% of initial level
|
| Initial level: | 1,785.341
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Dealer: | Goldman Sachs & Co. LLC
|
| Fees: | 1.44%
|
| Cusip: | 40438CD81
|
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