By Kiku Steinfeld
Chicago, Jan. 8 – HSBC USA Inc. priced $783,000 of 0% dual directional buffered notes due Jan. 28, 2025 linked to the S&P 500 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 100% of the worst performing index return subject to a maximum return of par plus 36.2%.
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 10% threshold.
Investors will lose 1% for every 1% that the worst performing index declines beyond the threshold.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional buffered notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $783,000
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| Maturity: | Jan. 28, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 100% of worst performing index return subject to a maximum return of par plus 36.2%; par plus absolute value of worst performing index return if worst performing index declines but finishes above threshold value; 1% loss for every 1% that worst performing index declines beyond threshold value
|
| Upside leverage: | 100%
|
| Cap: | 36.2%
|
| Threshold values: | 90% of initial level
|
| Initial levels: | 1,745.952 for Russell 2000, 4,071.63 for S&P 500
|
| Call: | Non-callable
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| Pricing date: | April 25, 2023
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| Settlement date: | April 28, 2023
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40441X3R9
|
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