By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – HSBC USA Inc. priced $1.75 million of 0% capped dual directional contingent buffered enhanced notes due Oct. 6, 2023 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the final ETF level is at least 50% of its initial level, the payout at maturity will be par plus the absolute value of the return with the payout capped at par plus 50%.
If the ETF falls by more than 50%, investors will be fully exposed to any losses.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Capped dual directional contingent buffered enhanced notes
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $1.75 million
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| Maturity: | Oct. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final ETF level is at least 50% of initial level, be par plus the absolute value of the return with payout capped at par plus 50%; otherwise, full exposure to decline
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| Initial value: | $66.41
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 11
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| Placement agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 40435F5N3
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