Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $250,000 barrier market participation notes tied to Tesla
Chicago, Feb. 27 – HSBC USA Inc. priced $250,000 of 0% barrier market participation securities due Nov. 13, 2023 tied to the Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the Stock return is positive, the payout at maturity will be par plus double the return, subject to a maximum payout of par plus 81.02%.
Investors will receive par if the stock falls by up to 40%.
Otherwise, investors will be fully exposed to the stock’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier market participation securities
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Underlying stock: | Tesla, Inc.
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Amount: | $250,000
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Maturity: | Nov. 13, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any stock gain up to 81.02%; par if stock falls by up to 40%; otherwise, 1% loss for each 1% decline of stock
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Initial level: | $865.65
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Barrier level: | 60% of initial level
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Pricing date: | May 6, 2022
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Settlement date: | May 11, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0%
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Cusip: | 40439J3Z6
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