Published on 5/11/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $787,000 barrier capped market participation notes on Dow, Nasdaq
Chicago, May 11 – HSBC USA Inc. priced $787,000 of 0% barrier capped market participation securities due Oct. 5, 2023 tied to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is positive, the payout at maturity will be par plus three times the return of the lesser performing index, capped at par plus 25.15%.
Investors will receive par if either index falls by up to 20%.
Otherwise, investors will be fully exposed to the lesser performing index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier capped market participation securities
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index
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Amount: | $787,000
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Maturity: | Oct. 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of each index is positive, par plus three times the return of the lesser performing index, capped at par plus 25.15%; par either index falls by up to 20%; otherwise, full exposure to the lesser performing index’s decline from its initial level
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Initial levels: | 33,843.92 for Dow, 14,689.62 for Nasdaq
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Barrier levels: | 80% of initial levels
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40439JLD5
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