Published on 5/4/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $325,000 contingent income barrier autocallables linked to Nasdaq, Russell
New York, May 4 – HSBC USA Inc. priced $325,000 of autocallable contingent income barrier notes with memory coupon due July 3, 2023 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25%, paid monthly, if each underlying index closes at or above its 80% barrier level on the related monthly observation date, plus any previously unpaid coupons.
The payout at maturity will be par if the worst performing index ends at or above its 80% barrier value. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
The securities will be called automatically starting on Nov. 30, 2022 at par if the level of the worst performing index is greater than or equal to its initial level and on any subsequent monthly observation date.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Autocallable contingent income barrier notes with memory coupon
|
Underlying indexes: | Nasdaq-100 index and Russell 2000 index
|
Amount: | $325,000
|
Maturity: | July 3, 2023
|
Coupon: | 11.25%, paid monthly, if each underlying index closes at or above its 80% barrier level on the related monthly observation date, plus any previously unpaid coupons
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above the barrier level par; 1% loss for every 1% that worst performing index declines if it ends below barrier value
|
Call: | Automatically starting on Nov. 30, 2022 at par if the level of the worst performing index is greater than or equal to its initial level and on any subsequent monthly observation date
|
Initial levels: | 12,642.10 for Nasdaq-100, 1,864.043 for Russell 2000
|
Coupon barriers: | 10,113.68 for Nasdaq-100, 1,491.2344 for Russell 2000, 80% of initial levels
|
Barrier levels: | 10,113.68 for Nasdaq-100, 1,491.2344 for Russell 2000, 80% of initial levels
|
Pricing date: | May 31, 2022
|
Settlement date: | June 3, 2022
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0%
|
Cusip: | 40439J2U8
|
|
|
|
© 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.