By Angela McDaniels
Tacoma, Wash., Jan. 26 – HSBC USA Inc. priced $846,000 of 0% dual directional barrier notes due Jan. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 60% of the initial level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional barrier notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $846,000
|
| Maturity: | Jan. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level but greater than or equal to trigger level, 60% of initial level, par plus absolute value of index return; if final index level is less than trigger level, full exposure to decline
|
| Initial index level: | 3,023.21
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
|
| Cusip: | 40433UFH4
|
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