Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $2.43 million buffered uncapped market participation notes on index, ETF
By William Gullotti
Buffalo, N.Y., May 31 – HSBC USA Inc. priced $2.43 million of 0% buffered uncapped market participation securities due May 28, 2024 tied to the performance of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes positive, the payout at maturity will be par plus 2.05 times any gain of the least performing underlier.
If the worst performer declines but finishes at or above 95% of its initial level, investors will receive par.
Otherwise, investors will lose 1% for each 1% drop of the worst performer beyond 5%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered uncapped market participation securities
|
| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
|
| Amount: | $2,425,000
|
| Maturity: | May 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.05 times any gain of least performing underlier; if the worst performer declines up to 5%, par; otherwise, 1% loss for each 1% drop of worst performer beyond 5%
|
| Initial levels: | $68.81 for ETF, 3,647.56 for index
|
| Buffer level: | 95% of initial levels
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40439J5H4
|
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