By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – HSBC USA Inc. priced $1 million of 0% barrier participation notes with autocall feature due Dec. 22, 2025 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a call premium of 10.95% if each index closes at or above its initial level on Dec. 18, 2024.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the laggard index’s return.
If the laggard index declines but finishes at or above its 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier participation notes with autocall feature
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1,003,000
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Maturity: | Dec. 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 1.5 times laggard index’s return; par if laggard index declines up to barrier level; otherwise, full exposure to decline of worst performer
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Call: | Automatically at par plus 10.95% call premium if each index closes at or above initial level on Dec. 18, 2024
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Initial levels: | 4,740.56 for S&P, 1,982.417 for Russell
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Barrier levels: | 70% of initial levels
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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: | 2.25%
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Cusip: | 40447ATJ3
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