By Wendy Van Sickle
Columbus, Ohio, July 18 – HSBC USA Inc. priced $13.27 million of 0% digital index-linked notes due Feb. 22, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 82.5% of its initial level, the payout at maturity will be $1,155 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.2121 % for each 1% decline of the index beyond the 17.5% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $13.27 million
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Maturity: | Feb. 22, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index gains or falls by not more than 17.5%, par plus 15.5%; otherwise, 1.2121 % loss for each 1% decline of the index beyond 17.5%
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Initial level: | 3,801.78
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Buffer level: | 82.5% of initial level
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Pricing date: | July 13
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Settlement date: | July 20
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0%
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Cusip: | 40441XEJ5
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