New York, Oct. 6 – HSBC USA Inc. priced $1.27 million of 0% autocallable barrier notes with step-up premium due Oct. 4, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically if the index closes at or above its initial level on any semiannual observation date after one year at a premium of 10% per year.
The payout at maturity will be par if the index finishes at or above its 70% barrier. Investors will lose 1% for every 1% that the index declines if it finishes below the barrier level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable barrier notes with step-up premium
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| Underlying index: | S&P 500 index
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| Amount: | $1.27 million
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| Maturity: | Oct. 4, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above barrier level par; 1% loss for every 1% that index declines if it ends below the barrier level
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| Initial level: | 4,288.05
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| Barrier level: | 3,001.635, 70% of initial level
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| Call: | Automatically if index closes at or above initial level on any semiannual observation date after one year at a premium of 10% per year
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.5%
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| Cusip: | 40447AMZ4
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