Published on 6/26/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $92,000 9.9% autocallable contingent income barrier notes linked to indexes
New York, June 26 – HSBC USA Inc. priced $92,000 of autocallable contingent income barrier notes due July 29, 2025 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.9%, paid quarterly, if each underlying index closes at or above its 75% barrier level on the related quarterly observation date.
The payout at maturity will be par if the worst performing index ends at or above its 75% barrier value. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
The securities will be called automatically starting on July 26, 2023 at par if the level of the worst performing index is greater than or equal to its initial level and on any subsequent quarterly observation date.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable contingent income barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $92,000
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| Maturity: | July 29, 2025
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| Coupon: | 9.9%, paid quarterly, if each underlying index closes at or above its 75% barrier level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above the barrier level par; 1% loss for every 1% that worst performing index declines if it ends below barrier value
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| Call: | Automatically starting on July 26, 2023 at par if the level of the worst performing index is greater than or equal to its initial level and on any subsequent quarterly observation date
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| Initial levels: | 31,761.54 for Dow Jones industrial average, 12,086.90 for Nasdaq-100, 1,805.246 for Russell 2000
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| Coupon barriers: | 23,821.155 for Dow Jones industrial average, 9,065.175 for Nasdaq-100, 1,353.9345 for Russell 2000, 75% of initial levels
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| Barrier levels: | 23,821.155 for Dow Jones industrial average, 9,065.175 for Nasdaq-100, 1,353.9345 for Russell 2000, 75% of initial levels
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1.775%
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| Cusip: | 40441XCV0
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