Published on 6/26/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $627,000 autocallable barrier notes linked to Nasdaq, Russell, Dow
New York, June 26 – HSBC USA Inc. priced $627,000 of 0% autocallable barrier notes with step-up premium due July 29, 2025 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting on January 25, 2023 and on any subsequent observation date at a premium of 14.40% per year.
The payout at maturity will be par if the worst performing index finishes at or above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Autocallable barrier notes with step-up premium
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $627,000
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Maturity: | July 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above barrier level par; 1% loss for every 1% that worst performing index declines if it ends below the barrier level
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Initial levels: | 31,761.54 for Dow Jones industrial average, 12,086.90 for Nasdaq-100, 1,805.246 for Russell 2000
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Barrier levels: | 22,233.078 for Dow Jones industrial average, 8,460.83 for Nasdaq-100, 1,263.6722 for Russell 2000, 70% of initial level
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Call: | Automatically starting on January 25, 2023 and on any subsequent observation date at a premium of 14.40% per year
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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: | 2.5%
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Cusip: | 40441XCU2
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