By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – HSBC USA Inc. priced $45,000 of 0% buffered market participation securities due Nov. 23, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable at maturity.
The payout at maturity will be par plus any index gain, up to a cap of 17.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered market participation securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $45,000
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Maturity: | Nov. 23, 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, capped at 17.5%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 3,329.08
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.275%
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Cusip: | 40435UTD6
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