By William Gullotti
Buffalo, N.Y., July 28 – HSBC USA Inc. priced $1.54 million of 0% barrier participation notes with autocall feature due July 27, 2026 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a call premium of 14.35% if the index closes at or above its initial level on July 24, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the index return.
If the index declines but finishes at or above its 75% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier participation notes with autocall feature
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $1,544,000
|
| Maturity: | July 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 1.5 times index return; par if the index declines up to barrier level; otherwise, full exposure to index decline
|
| Call: | Automatically at par plus 14.35% call premium if the index closes at or above initial level on July 24, 2024
|
| Initial level: | 15,425.67
|
| Barrier level: | 75% of initial level
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40447AEY6
|
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