Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $842,000 autocallable barrier notes with step-up premium on index, ETF
By Kiku Steinfeld
Chicago, June 14 – HSBC USA Inc. priced $842,000 of 0% autocallable barrier notes with step-up premium due Nov. 24, 2025 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annualized call premium of 12.5%. If each underlier finishes at or above its initial level, the payout at maturity will be par plus the 50% premium applicable to the final valuation date.
If the notes are not called, the payout will be par unless any underlier has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing underlier from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium
|
| Underlying assets: | iShares MSCI Emerging Markets ETF and Russell 2000 index
|
| Amount: | $842,000
|
| Maturity: | Nov. 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless any underlier finished below barrier level, in which case investors will lose 1% for each 1% decline of least performing underlier from its initial level
|
| Call: | At par plus 12.5% annualized call premium if underlier closes at or above initial level on any annual observation date
|
| Initial level: | 2,343.161 for index, $50.92 for ETF
|
| Trigger/barrier levels: | 1,640.2127 for index, $35.644 for ETF; 70% of initial levels
|
| Pricing date: | Nov. 19, 2021
|
| Settlement date: | Nov. 24, 2021
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40439JRU1
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
