Published on 6/9/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.5 million market participation securities on three tech stocks
By William Gullotti
Buffalo, N.Y., June 9 – HSBC USA Inc. priced $1.5 million of 0% market participation securities due June 3, 2024 tied to the stock performance of Amazon.com, Inc., Alphabet Inc. and the Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each stock is positive, the payout at maturity will be par plus the return of the least-performing stock capped at 17.83%
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market participation securities
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Underlying stocks: | Amazon.com, Inc., Alphabet Inc., Tesla, Inc.
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Amount: | $1.5 million
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Maturity: | June 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock finishes above its initial level, par plus the gain of least-performing stock capped at 17.83%; otherwise, par
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Initial levels: | $2,302.93 for Amazon, $2,246.33 for Alphabet, $759.63 for Tesla
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.75%
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Cusip: | 40439J6A8
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