By Sarah Lizee
Olympia, Wash., Aug. 2 – HSBC USA Inc. priced $1 million of 0% market-linked notes due Aug. 1, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a cap of 36.5%.
Investors will receive par if the index falls or remains flat.
HSBC Securities (USA) Inc. is the agent with JPMorgan as placement agent.
Issuer: | HSBC USA Inc.
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Issue: | Market-linked notes
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Underlying index: | Russell 2000
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Amount: | $1 million
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Maturity: | Aug. 1, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, subject to a cap of 36.5%; par if the index falls or remains flat
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Initial index level: | 1,663.340
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Pricing date: | July 27
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Settlement date: | July 31
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Agent: | HSBC Securities (USA) Inc. with JPMorgan as placement agent
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Fees: | 3%
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Cusip: | 40435FV46
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