Published on 10/19/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.18 million autocallable leveraged buffered notes on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – HSBC USA Inc. priced $12.18 million of 0% autocallable leveraged buffered notes due Oct. 18, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 10.28% if the index closes at or above its initial level on Oct. 24, 2022.
If the index return is positive, the payout at maturity will be par plus 2 times the index return. Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Autocallable leveraged buffered notes
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Underlying index: | Nasdaq-100
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Amount: | $12,181,000
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Maturity: | Oct. 18, 2023
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 10.28% if index closes at or above initial level on Oct. 24, 2022
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Payout at maturity: | If the index return is positive, par plus 2 times the index return; full exposure to loss
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Initial level: | 15,052.42
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Pricing date: | Oct. 14
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Settlement date: | Oct. 21
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40439JQA6
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