By Sarah Lizee
Olympia, Wash., Sept. 19 – HSBC USA Inc. priced $9 million of 0% dual directional barrier notes due Sept. 19, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.14 times any index gain.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $9 million
|
| Maturity: | Sept. 19, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.14 times the return; if index falls by up to 20%, par plus absolute value of return; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 2,904.98
|
| Pricing date: | Sept. 14
|
| Settlement date: | Sept. 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.35%
|
| Cusip: | 40435F3G0
|
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