Chicago, Oct. 12 – HSBC USA Inc. priced $573,000 of 0% barrier Accelerated Market Participation Securities due Feb. 15, 2024 linked to the common stock of Broadcom Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any share price gain, up to a maximum return of 44.25%.
Investors will receive par if the stock falls by up to 35% and will be fully exposed to any losses if the stock finishes below the 65% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier Accelerated Market Participation Securities
|
| Underlying stock: | Broadcom Inc.
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| Amount: | $573,000
|
| Maturity: | Feb. 15, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any share price gain, capped at 44.25%; par if stock declines by 35% or less; full exposure to any losses if the stock falls by more than 35%
|
| Initial level: | $591.36
|
| Barrier level: | 65% of initial level
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40439JZV0
|
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