Chicago, Feb. 6 – HSBC USA Inc. priced $500,000 of 0% dual directional buffered notes due Nov. 17, 2023 linked to the class a common stock of Airbnb, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 300% of the index return subject to a maximum return of par plus 9.5%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities are non-callable.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Dual directional buffered notes
|
Underlying index: | Airbnb, Inc. (Ticker: ABNB)
|
Amount: | $500,000
|
Maturity: | Nov. 17, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains par plus 300% of index return subject to a maximum return of par plus 9.5%; par plus absolute value of index return if index declines but finishes above threshold value; 1% loss for every 1% that index declines beyond threshold value
|
Initial level: | $113.19
|
Buffer level: | 85% of initial level
|
Upside leverage: | 300%
|
Cap: | 9.5%
|
Call: | Non-callable
|
Pricing date: | May 10, 2023
|
Settlement date: | May 17, 2023
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.25%
|
Cusip: | 40447ABA1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.