By William Gullotti
Buffalo, N.Y., Dec. 9 – HSBC USA Inc. priced $8.93 million of 0% buffered Accelerated Market Participation Securities with call feature due Dec. 8, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 12.5% call premium if the index closes at or above its initial level on Dec. 12, 2023
If the index return is positive, the payout at maturity will be par plus 1.851 times the index return.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities with call feature
|
| Underlying index: | S&P 500 index
|
| Amount: | $8,932,000
|
| Maturity: | Dec. 8, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.851 times the index return; par if index declines by 20% or less; otherwise, 1% loss for every 1% index declines beyond 20%
|
| Call: | Automatically at par plus 12.5% call premium if the index closes at or above its initial level on Dec. 12, 2023
|
| Initial index level: | 3,998.84
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 8
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40441XUX6
|
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