By William Gullotti
Buffalo, N.Y., July 15 – HSBC USA Inc. priced $6 million of 0% buffered Accelerated Market Participation Securities with call feature due July 15, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 15% call premium if the index closes at or above its initial level on July 12, 2023
If the index return is positive, the payout at maturity will be par plus 1.4 times the index return.
Investors will receive par if the index falls by 20% or less and will lose 1.25% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Accelerated Market Participation Securities with call feature
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| Underlying index: | Nasdaq-100 index
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| Amount: | $6 million
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| Maturity: | July 15, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.4 times the index return; par if index declines by 20% or less; otherwise, 1.25% loss for every 1% index declines beyond 20% buffer
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| Call: | Automatically at par plus 15% call premium if the index closes at or above its initial level on July 12, 2023
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| Initial index level: | 11,744.99
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| Buffer level: | 80% of initial level
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| Pricing date: | July 12
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| Settlement date: | July 15
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 0.65%
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| Cusip: | 40441XED8
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