Published on 2/26/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $315,000 barrier capped market participation notes on Nasdaq, Russell
By Kiku Steinfeld
Chicago, Feb. 27 – HSBC USA Inc. priced $315,000 of 0% barrier capped market participation securities due Dec. 26, 2023 tied to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each index is positive, the payout at maturity will be par plus three times the return of the lesser performing index, capped at par plus 34%.
Investors will receive par if either index falls by not more than 15%.
Otherwise, investors will be fully exposed to the lesser performing index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Barrier capped market participation securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000
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| Amount: | $315,000
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| Maturity: | Dec. 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of each index is positive, par plus three times the return of the lesser performing index, capped at par plus 34%; par if either index falls by not more than 15%; otherwise, full exposure to the lesser performing index’s decline from its initial level
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| Initial levels: | 11,677.02 for Nasdaq, 1,849.732 for Russell
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| Barrier levels: | 85% of initial levels
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| Pricing date: | Nov. 18, 2022
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| Settlement date: | Nov. 23, 2022
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0%
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| Cusip: | 40441XVF4
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