Chicago, March 11 – HSBC USA Inc. priced $4.66 million of 0% dual directional buffered notes due March 6, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 125% of the index return subject to a maximum return of par plus 20%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 10% 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.
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Issue: | Dual directional buffered notes
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Underlying index: | S&P 500 index
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Amount: | $4,658,000
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Maturity: | March 6, 2026
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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 20%; 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
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Call: | Non-callable
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Initial level: | 5,137.08
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Threshold value: | 90% of initial level
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Upside leverage: | 125%
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Cap: | 20%
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Pricing date: | March 1
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Settlement date: | March 6
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40447AC85
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