Published on 12/22/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.23 million buffered accelerated market participation securities on Russell
New York, Dec. 22 – HSBC USA Inc. priced $1.23 million of 0% buffered accelerated market participation securities due June 23, 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 150% of the index return subject to a maximum return of par plus 18.15%. 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: | $1,225,000
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Maturity: | June 23, 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 150% of index return subject to a maximum return of par plus 18.15%; par if index declines but finishes above the 10% buffer; otherwise exposure to decline in index beyond buffer
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Upside leverage: | 150%
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Cap: | 18.15%
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Initial level: | 1,982.417
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Buffer: | 10%
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Call: | Non-callable
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Pricing date: | Dec. 18
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Settlement date: | Dec. 21
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.875%
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Cusip: | 40447ATG9
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