Published on 2/18/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $590,000 market participation securities linked to Russell 2000
By Kiku Steinfeld
Chicago, Feb. 20 – HSBC USA Inc. priced $590,000 of 0% market participation securities due May 17, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of 10.6%. Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market participation securities
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Underlying index: | Russell 2000
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Amount: | $590,000
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Maturity: | May 17, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to maximum return of 10.6%; exposure to any index decline
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Initial index level: | 1,861.251
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Pricing date: | Nov. 14, 2022
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Settlement date: | Nov. 17, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.1%
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Cusip: | 40441XUW8
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