Published on 5/4/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $113,000 Bumps linked to AI Powered US Equity Adjusted index
By Angela McDaniels
Tacoma, Wash., May 4 – HSBC USA Inc. priced $113,000 of 0% Buffered Uncapped Market Participation Securities due June 3, 2027 linked to the AI Powered US Equity Adjusted Total Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 197% of the index return. Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Uncapped Market Participation Securities
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Underlying indexes: | AI Powered US Equity Adjusted Total Return index
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Amount: | $113,000
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Maturity: | June 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than zero, par plus 197% of index return; par if index declines by up to 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 5,873.00
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Buffer level: | 80% of initial level
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Pricing date: | May 31, 2022
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Settlement date: | June 3, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.75%
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Cusip: | 40439J2R5
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