Published on 6/23/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $126,000 market participation securities linked to Dow
Chicago, June 23 – HSBC USA Inc. priced $126,000 of 0% market participation securities due July 5, 2024 tied to the performance of the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the index return up to a maximum return of par plus 7.45%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Market participation securities
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Underlying index: | Dow Jones industrial average
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Amount: | $126,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above its initial level, par plus the index return up to 7.45%; otherwise, par
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Initial level: | 32,908.27
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40441X6Y1
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