Published on 12/6/2021 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $548,000 barrier participation notes with call feature on indexes
By Emma Trincal
New York, Dec. 6 – HSBC USA Inc. priced $548,000 of 0% barrier participation notes with call feature due Dec. 6, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 17% if the worst performing index closes at or above its initial level on Dec. 1, 2022.
If the notes are not called and the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing index.
If the worst performing index finishes negative but at or above its 70% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performing index.
HSBC Securities (USA) Inc. is the underwriter.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier participation notes with call feature
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| Underlying index: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index,
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| Amount: | $548,000
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| Maturity: | Dec. 6, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the worst performing index return is positive, par plus 1.5 times the index return; if worst-performing index’s final level is negative but at or greater than barrier level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
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| Call: | At par plus 17% if worst performing index closes at or above initial level on Dec. 1, 2022
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| Initial levels: | 34,022.04 for Dow, 2,147.42 for Russell and 15,877.72 for Nasdaq
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| Barrier levels: | 70% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Underwriter: | HSBC Securities (USA) Inc.
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| Fees: | 0.5%
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| Cusip: | 40439JUS2
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