Published on 1/15/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $824,000 market participation securities linked to Nasdaq-100
By Kiku Steinfeld
Chicago, Jan. 16 – HSBC USA Inc. priced $824,000 of 0% market participation securities due Aug. 5, 2024 linked to the Nasdaq-100 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 9%. 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 index: | Nasdaq-100
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Amount: | $824,000
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Maturity: | Aug. 5, 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 9%; if index return is less than or equal to zero, par
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Initial level: | 13,245.99
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.375%
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Cusip: | 40441X3G3
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