Published on 8/30/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $12.39 million Accelerated Return Notes on Russell 2000
By William Gullotti
Buffalo, N.Y., Aug. 30 – HSBC USA Inc. priced $12.39 million of 0% Accelerated Return Notes due Oct. 27, 2023 linked to the Russell 2000 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 22.11%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Return Notes
|
Underlying index: | Russell 2000 index
|
Amount: | $12,390,820
|
Maturity: | Oct. 27, 2023
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any index gain, capped at par plus 22.11%; full exposure to any index decline
|
Initial level: | 1,964.636
|
Final level: | Average of closing levels on five trading days ending Oct. 24, 2023
|
Pricing date: | Aug. 25
|
Settlement date: | Sept. 1
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 40390L123
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.