Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $22.33 million Accelerated Return Notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 1 – HSBC USA Inc. priced $22.33 million of 0% Accelerated Return Notes due July 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 24.4%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Return Notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $22,333,380
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Maturity: | July 28, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at par plus 24.4%; full exposure to any index decline
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Initial level: | 3,740.31
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Final level: | Average of closing levels on five trading days ending July 25, 2023
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Pricing date: | May 26
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Settlement date: | June 3
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 40390L529
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