Published on 12/31/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.79 million Accelerated Return Notes tied to Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – HSBC USA Inc. priced $12.79 million of 0% Accelerated Return Notes due Feb. 25, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payout of par plus 17.71%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Return Notes
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Underlying index: | Nasdaq-100
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Amount: | $12,793,800
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Maturity: | Feb. 25, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 17.71%; full exposure to any index decline
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Initial index level: | 12,653.14
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Final index level: | Average of index’s closing levels on five trading days ending Feb. 22, 2022
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Pricing date: | Dec. 23
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Settlement date: | Dec. 31
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 40438Q381
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