Published on 11/16/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $927,000 market participation securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 16 – HSBC USA Inc. priced $927,000 of 0% market participation securities due May 3, 2024 linked to the S&P 500 index, 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 the index return, subject to a maximum return of 12.2%. 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: | Market participation securities
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Underlying indexes: | S&P 500 index
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Amount: | $927,000
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Maturity: | May 3, 2024
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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 index return, subject to maximum return of 12.2%; if index return is less than or equal to zero, par
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Initial levels: | 3,871.98
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Pricing date: | Oct. 31, 2022
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Settlement date: | Nov. 3, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.375%
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Cusip: | 40441XSD3
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