Published on 9/22/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.23 million dual directional digital buffered notes linked to indexes
By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – HSBC USA Inc. priced $4.23 million of 0% dual directional digital buffered notes due Sept. 26, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s final level is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 9.7%.
If the least-performing index’s final level is less than 80% of its initial level but greater than or equal to its barrier level, 75% of its initial level, the payout will be par .
If the least-performing index’s final level is less than its barrier level, investors will lose 1% for every 1% that the least-performing index declines beyond 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Dual directional digital buffered notes
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| Underlying indexes: | S&P 500, Russell 2000 index and Nasdaq-100
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| Amount: | $4,231,000
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| Maturity: | Sept. 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least-performing index’s final level is greater than or equal to 80% of initial level, par plus 9.7%; if least-performing index’s final level is less than 80% of initial level but greater than or equal to barrier level, par; if least-performing index’s final level is less than barrier level, 1% loss for every 1% that least-performing index declines beyond 25%
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| Initial levels: | 11,953.27 for Nasdaq, 3,899.89 for S&P, 1,812.843 for Russell
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| Digital barrier levels: | 80% of initial levels
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| Buffer levels: | 75% of initial levels
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 22
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.6%
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| Cusip: | 40441XPB0
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