Published on 9/11/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.53 million barrier digital notes linked to Dow, Russell, Nasdaq
Chicago, Sept. 11 – HSBC USA Inc. priced $1.53 million of 0% barrier digital notes due Sept. 5, 2024 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is greater than or equal to negative 30%, the payout at maturity will be par plus 7.2%. Otherwise, investors will be exposed to the decline of the least-performing index.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier digital notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $1,530,000
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Maturity: | Sept. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is greater than or equal to negative 30%, par plus 7.2%; otherwise, exposure to decline of least-performing index
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Initial levels: | 34,559.98 for Dow, 1,869.007 for Russell and 15,052.46 for Nasdaq
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Barrier levels: | 70% of initial level
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40447AHJ6
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