By Kiku Steinfeld
Chicago, Jan. 25 – HSBC USA Inc. priced $29.31 million of 0% trigger autocallable optimization securities due Jan. 25, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 9.33% per year if the index closes at or above the initial index level on any quarterly observation date after six months.
If the notes are not called and the index finishes at or above the trigger level, 75% of the initial level, the payout at maturity will be par
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger autocallable optimization securities
|
| Underlying index: | S&P 500
|
| Amount: | $29,312,220
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| Maturity: | Jan. 25, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes at or above the trigger level, par; otherwise, investors will be fully exposed to any losses
|
| Call: | At par plus a call return of 9.33% per year if the index closes at or above the initial index level on any quarterly observation date after six months
|
| Initial level: | 3,851.85
|
| Trigger level: | 2,888.89, 75% of initial level
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40438U606
|
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