Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.23 million leveraged capped basket-linked notes on indexes
Chicago, May 18 – HSBC USA Inc. priced $1.23 million of leveraged capped basket-linked notes due April 28, 2023, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum payout of $1,234 per $1,000 of notes.
Investors will be exposed to any decline in the basket return.
HSBC Securities (USA) LLC is the distributor.
Issuer: | HSBC USA Inc.
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Issue: | Leveraged capped basket-linked notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1,230,000
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 300% of the basket return, capped at $1,234 per $1,000 of notes; if the basket declines, full exposure to loss
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Initial levels: | 4,223.97 for Euro Stoxx, 2,018.4 for Topix, 7,277.62 for FTSE, 12,146.52 for Swiss Market, 7,443.42 for S&P/ASX
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Pricing date: | Oct. 26, 2021
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Settlement date: | Nov. 2, 2021
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Agent: | HSBC Securities (USA) LLC
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Fees: | None
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Cusip: | 40439JQD0
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