By Marisa Wong
Morgantown, W.Va., July 30 – HSBC USA Inc. priced $354,000 of 0% digital barrier notes due July 27, 2023 linked to the S&P 500 index, according to an amended 424B2 filing with the Securities and Exchange Commission.
HSBC had priced $1,353,000 of the notes (Cusip: 40435FP43), according to a previous 424B2 filing.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the minimum upside return of 41%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $354,000
|
| Maturity: | July 27, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus the greater of the index return and 41%; if index falls by up to 30%, par; otherwise, full exposure to losses
|
| Initial level: | 2,801.83
|
| Pricing date: | July 20
|
| Settlement date: | July 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40435FP43
|
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