Published on 6/26/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $285,000 10% callable contingent income barrier notes linked to three indexes
New York, June 26 – HSBC USA Inc. priced $285,000 of callable contingent income barrier notes due July 31, 2024 linked to the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%.
The payout at maturity will be par if the worst performing index ends at or above its 70% barrier value. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
The securities will be called starting on Jan. 31, 2023 and on any subsequent quarterly observation date.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Callable contingent income barrier notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $285,000
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Maturity: | July 31, 2024
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Coupon: | 10%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above the barrier level par; 1% loss for every 1% that worst performing index declines if it ends below barrier value
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Call: | Starting on Jan. 31, 2023 and on any subsequent quarterly observation date
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Initial levels: | 12,086.90 for Nasdaq-100, 1,805.246 for Russell 2000, 3,921.05 for S&P 500
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Coupon barriers: | 8,460.83 for Nasdaq-100, 1,263.6722 for Russell 2000, 2,744.735 for S&P 500, 70% of initial levels
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Barrier levels: | 8,460.83 for Nasdaq-100, 1,263.6722 for Russell 2000, 2,744.735 for S&P 500, 70% of initial levels
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Pricing date: | July 26, 2022
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Settlement date: | July 29, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.75%
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Cusip: | 40441XEH9
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