New Issue: HSBC prices $534,000 buffered PLUS linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., June 5 – HSBC USA Inc. priced $534,000 of 0% buffered PLUS due Sept. 7, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 18.15%. If the final index level is less than or equal to the initial index level but greater than or equal to the buffer level, 90% of the initial index level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Buffered PLUS
Underlying indexes:	S&P 500 index
Amount:	$534,000
Maturity:	Sept. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 18.15%; if final index level is less than or equal to initial index level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	3,818.8
Buffer level:	90% of initial index level
Pricing date:	July 12, 2022
Settlement date:	July 19, 2022
Agent:	HSBC Securities (USA) Inc.
Distributor:	Morgan Stanley Wealth Management
Fees:	0%
Cusip:	40441XEP1

© 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.