Chicago, Nov. 6 – HSBC USA Inc. priced $250,000 of 0% autocallable barrier notes with step-up premium due Oct. 21, 2024 linked to the stock performance of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 14% annualized call premium if the stock closes at or above its initial level on any quarterly observation date starting after six months.
If the stock finishes at or above the initial level, the payout at maturity will be par plus 28%.
If the stock declines more than the 40% barrier level, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the stock from its initial 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 stock: | Microsoft Corp.
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| Amount: | $250,000
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| Maturity: | Oct. 21, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above initial level, par plus 28%; if the stock declines more than barrier level, par; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | At par plus 14% annualized premium if the stock closes at or above initial level on any quarterly observation date starting after six months
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| Initial level: | $237.53
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| Barrier level: | $142.518; 60% of initial levels
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| Pricing date: | Oct. 17, 2022
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| Settlement date: | Oct. 20, 2022
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1.525%
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| Cusip: | 40441XRH5
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