Chicago, June 22 – HSBC USA Inc. priced $1.65 million of autocallable contingent income barrier notes due June 5, 2026 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16%, paid quarterly, if the underlying stock closes at or above its 60% barrier level on the related quarterly observation date.
The securities will be called automatically starting Aug. 30 at par if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly observation date.
The payout at maturity will be par if the stock ends at or above its 60% barrier value. Otherwise, investors will lose 1% for every 1% that the stock declines.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable contingent income barrier notes
|
| Underlying stock: | Uber Technologies, Inc.
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| Amount: | $1,645,000
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| Maturity: | June 5, 2026
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| Coupon: | 16% annual rate, paid quarterly, if the underlying stock closes at or above its 60% barrier level on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above the barrier level par; 1% loss for every 1% that stock declines if it ends below barrier value
|
| Call: | Automatically starting Aug. 30 at par if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly observation date
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| Initial level: | $37.93
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| Coupon barrier: | $22.758, 60% of initial level
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| Barrier level: | $22.758, 60% of initial level
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| Pricing date: | May 31
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| Settlement date: | June 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2%
|
| Cusip: | 40447ABP8
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