Chicago, Dec. 5 – HSBC USA Inc. priced $30,000 of 0% digital barrier notes due March 31, 2025 linked to the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its initial level, the payout at maturity will be par plus the greater of 24% or the return of the index.
If the index declines but not more than 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital barrier notes
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Underlying index: | AI Powered US Equity Adjusted Total Return index
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Amount: | $30,000
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Maturity: | March 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, greater of 24% and return of index; par if index declines but finishes above its 75% barrier; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 6,561.35
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Digital payment: | 24%
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Barrier level: | 75% of initial level
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Pricing date: | March 28
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Settlement date: | March 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.5%
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Cusip: | 40439JH73
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