Published on 12/22/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $20.2 million capped market-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – HSBC USA Inc. priced $20.2 million of 0% capped market-linked securities due July 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, subject to a maximum payout of par plus 20%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | HSBC USA Inc.
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Issue: | Capped market-linked securities
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Underlying index: | S&P 500 index
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Amount: | $20,195,960
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain, capped at par plus 20%; otherwise, par
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Initial level: | 3,852.36
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agents: | HSBC Securities (USA) Inc. and Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 40441B579
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