Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.05 million PLUS linked to Russell 2000
By William Gullotti
Buffalo, N.Y., Feb. 15 – HSBC USA Inc. priced $3.05 million of 0% Performance Leveraged Upside Securities due May 3, 2024 linked to the Russell 2000 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 300% of the index return, subject to a maximum payout of par plus 25%.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000 index
|
| Amount: | $3,050,610
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at par plus 25%; otherwise, full exposure to decline from initial level
|
| Initial level: | 1,931.945
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agents: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as distributor
|
| Fees: | 2.25%
|
| Cusip: | 40441B397
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
