By Emma Trincal
New York, May 22 – HSBC USA Inc. priced $16,128,000 of 8% autocallable yield notes due Nov. 22, 2024 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable semiannually.
The notes will be called at par if the index closes at or above its initial level on any semiannual call date.
The payout at maturity will be par unless the index finishes below its 75% buffer level, in which case investors will lose 1.3333% for every 1% decline of the index below 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $16,128,000
|
| Maturity: | Nov. 22, 2024
|
| Coupon: | 8% annual rate, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its 75% buffer level, in which case 1.3333% loss for every 1% decline beyond 25%
|
| Call: | Automatically at par if the index closes at or above initial level on any semiannual call date
|
| Initial level: | 13,426.01
|
| Buffer level: | 10,069.5075; 75% of initial level
|
| Pricing date: | May 16
|
| Settlement date: | May 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.05%
|
| Cusip: | 40447ABD5
|
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