Published on 9/14/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5,000 growth opportunity notes linked to HSBC Vantage+ index
By Angela McDaniels
Tacoma, Wash., Sept. 14 – HSBC USA Inc. priced $5,000 of 0% growth opportunity notes due Sept. 2, 2025 linked to the HSBC Vantage+ Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 138% of the index return. If the index return is less than or equal to zero, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Growth opportunity notes
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Underlying indexes: | HSBC Vantage+ Index (USD) Excess Return
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Amount: | $5,000
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Maturity: | Sept. 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than zero, par plus 138% of index return; if index return is less than or equal to zero, par
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Initial level: | 208.59
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Pricing date: | Aug. 26, 2022
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Settlement date: | Aug. 31, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40441XGN4
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