Chicago, Oct. 11 – HSBC USA Inc. priced $466,000 of 0% dual directional buffered notes due Oct. 7, 2024 linked to the least performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return subject to a maximum return of par plus 57.35%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the 15% buffer.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Dual directional buffered notes
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $466,000
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Maturity: | Oct. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return subject to a maximum return of par plus 57.35%; par plus absolute value of worst performing index return if worst performing index declines but finishes above buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 10,971.22 for Nasdaq, 1,664.716 for Russell
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Buffer levels: | 85% of initial levels
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Upside leverage: | 100%
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Cap: | 57.35%
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Call: | Non-callable
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40441XLM0
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