Published on 1/20/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.67 million PLUS linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Jan. 20 – HSBC USA Inc. priced $1.67 million of 0% Performance Leveraged Upside Securities due May 3, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index gain, up to $11.695 per $10 PLUS. Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000 index
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Amount: | $1,665,500
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Maturity: | May 3, 2023
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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, up to $11.695 per $10 PLUS; full exposure to any index decline
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Initial level: | 2,162.456
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Pricing date: | Jan. 14
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Settlement date: | Jan. 20
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Agent: | HSBC Securities (USA) Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 40439N866
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