Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.13 million buffered accelerated market participation securities on Russell
New York, Feb. 6 – HSBC USA Inc. priced $1.13 million of 0% buffered accelerated market participation securities due Feb. 28, 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 125% of the index return, subject to a maximum return of par plus 22.4%.
Investors will receive par if the index declines by no more than 5% and will lose 1% for every 1% that the index declines beyond 5%.
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: | $1,128,000
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Maturity: | Feb. 28, 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 125% of index return, subject to a maximum return of par plus 22.4%; par if index declines by no more than 5%; otherwise, lose 1% for every 1% that the index declines beyond 5%
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Initial level: | 1,961.865
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Buffer: | 5%
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Pricing date: | Jan. 24
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Settlement date: | Jan. 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0%
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Cusip: | 40447AWU4
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