Published on 12/4/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $295,000 buffered uncapped market participation notes on AI Powered index
Chicago, Dec. 5 – HSBC USA Inc. priced $295,000 of 0% buffered uncapped market participation securities due March 31, 2027 tied to the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.7 times the index return.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered uncapped market participation securities
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Underlying index: | AI Powered US Equity Adjusted Total Return index
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Amount: | $295,000
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Maturity: | March 31, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.7 times index return; par if index falls by up to buffer; 1% loss for every 1% decline in index beyond buffer
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Initial index level: | 6,561.35
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Buffer level: | 80% 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: | 3.75%
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Cusip: | 40439JF34
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