By Kiku Steinfeld
Chicago, Nov. 28 – HSBC USA Inc. priced $925,000 of 0% buffered Performance Leveraged Upside Securities due April 19, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index gain, up to a maximum return of 12.95%.
If the index falls by up to 10%, the payout will be par.
Investors will be fully exposed to any index decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $925,000
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Maturity: | April 19, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 12.95%; par if index falls by up to 10%; exposure to any losses beyond 10%
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Initial index level: | 4,520.16
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Pricing date: | March 24
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Settlement date: | March 31
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Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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Fees: | 0%
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Cusip: | 40439JL60
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