By Susanna Moon
Chicago, Feb. 26 – HSBC USA Inc. priced $950,000 of 0% buffered digital notes due Feb. 9, 2023 linked to the iShares MSCI ACWI ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the digital upside return of 13%.
If the fund falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered digital notes
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| Underlying fund: | iShares MSCI ACWI ETF
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| Amount: | $950,000
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| Maturity: | Feb. 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus greater of return and 13%; if fund falls by up to 30%, par; otherwise, 1% loss per 1% drop beyond 30%
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| Initial level: | $73.05
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.5%
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| Cusip: | 40435FTJ6
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