By William Gullotti
Buffalo, N.Y., June 26 – HSBC USA Inc. priced $2.14 million of 0% buffered Accelerated Market Participation Securities with call feature due June 22, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 10% call premium if the index closes at or above its initial level on June 18, 2024
If the index return is positive, the payout at maturity will be par plus 1.4235 times the index return.
Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% decline beyond the 20% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities with call feature
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| Underlying index: | S&P 500 index
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| Amount: | $2.14 million
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| Maturity: | June 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.4235 times the index return; par if index declines by 20% or less; otherwise, 1% loss for every 1% index declines beyond 20% buffer
|
| Call: | Automatically at par plus 10% call premium if the index closes at or above its initial level on June 18, 2024
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| Initial index level: | 4,409.59
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| Buffer level: | 80% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40447ACQ5
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