By Marisa Wong
Los Angeles, June 21 – HSBC USA Inc. priced $730,000 of 0% barrier Accelerated Market Participation Securities due March 31, 2026 tied to the iShares Global Clean Energy exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, capped at par plus 145%.
Investors will receive par if the ETF falls by up to 30% and will lose 1% for each 1% decline below the initial level if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier Accelerated Market Participation Securities
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Underlying ETF: | iShares Global Clean Energy ETF
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Amount: | $730,000
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Maturity: | March 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 145%; par if ETF falls by up to 30%; full exposure to losses if ETF falls by more than 30%
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Initial value: | $22.96
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 3.75%
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Cusip: | 40438C2J9
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