By Wendy Van Sickle
Columbus, Ohio, July 18 – HSBC USA Inc. priced $1 million of 0% capped leveraged buffered index-linked notes due Dec. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 190% of the index gain, capped at par plus 16.492%.
Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Capped leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | Dec. 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 190% of any index gain, capped at par plus 16.492%; par if index declines by 12.5% or less; 1.1429% loss for every 1% that index declines beyond 12.5%
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Initial level: | 4,472.16
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Buffer level: | 87.5% of initial level
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Pricing date: | July 12
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Settlement date: | July 19
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40442B2U0
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