By Sarah Lizee
Olympia, Wash., Nov. 19 – HSBC USA Inc. priced $3 million of 2% income and performance notes due Nov. 16, 2023 linked to the HSBC Vantage5 Index (USD) Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Income and performance notes
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Underlying index: | HSBC Vantage5 Index (USD) Excess Return
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Amount: | $3 million
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Maturity: | Nov. 16, 2023
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Coupon: | 2%, payable quarterly
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Price: | Par
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Payout at maturity: | Par plus any index gain; if the index falls, par
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Initial level: | 144.927
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Pricing date: | Nov. 13
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Settlement date: | Nov. 16
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40435UAL8
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