Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $200,000 digital barrier notes linked to AI Powered US Equity Adjusted index
Chicago, May 25 – HSBC USA Inc. priced $200,000 of 0% digital barrier notes due July 7, 2025 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 the greater of the index return and 34.45%. Investors will receive par if the index declines by up to 25%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital barrier notes
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Underlying indexes: | AI Powered US Equity Adjusted Total Return index
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Amount: | $200,000
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Maturity: | July 7, 2025
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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 greater of index return and 34.45%; par if index declines by up to 25%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 5,311.40
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Barrier level: | 75% of initial level
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Pricing date: | June 30, 2022
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Settlement date: | July 6, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40441XAA8
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