By William Gullotti
Buffalo, N.Y., March 3 – HSBC USA Inc. priced $18.11 million of 0% trigger jump securities due March 5, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock level is greater than or equal to the initial stock level, the payout at maturity will be par of $10 plus 37.85%.
If the final stock level is less than the initial stock level but greater than or equal to the 70% trigger level, the payout will be par.
If the final stock level is less than the trigger level, investors will be exposed to the decline from the initial stock level.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $18,106,640
|
| Maturity: | March 5, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the final stock level is greater than or equal to the initial stock level, par plus 37.85%; if the final stock level is less than the initial stock level but greater than or equal to the trigger level, par; otherwise, investors will be exposed to the decline from the initial stock level
|
| Initial stock level: | $94.23
|
| Trigger level: | $65.961; 70% of initial level
|
| Pricing date: | Feb. 28
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| Settlement date: | March 3
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 40441B215
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