Published on 9/27/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $962,000 0% buffered AMPS linked to Russell 2000
By Kiku Steinfeld
Chicago, Sept. 27 – HSBC USA Inc. priced $962,000 of 0% buffered accelerated market participation securities due June 20, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 28.5%. Investors will receive par if the index declines but ends above the 10% buffer and will lose 1% for every 1% that the index declines beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered accelerated market participation securities
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Underlying index: | Russell 2000 index
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Amount: | $962,000
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Maturity: | June 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 300% of index return subject to a maximum return of par plus 28.5%; par if index declines but finishes above the 10% buffer; otherwise exposure to decline in index beyond buffer
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Upside leverage: | 300%
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Cap: | 28.5%
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Initial level: | 1,745.945
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Buffer: | 10%
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Call: | Non-callable
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Pricing date: | March 15, 2023
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Settlement date: | March 20, 2023
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0%
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Cusip: | 40441XV64
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