New Issue: HSBC sells $102,000 autocallable buffered notes with step-up premium on S&P, Russell

Chicago, Sept. 18 – HSBC USA Inc. priced $102,000 of 0% autocallable buffered notes with step-up premium due Sept. 7, 2027 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an 11.3% annualized premium if the indexes close at or above their initial levels on any annual observation date. The final premium for the maturity date is 56.5%.

If the notes are not called, the payout will be par unless either index falls below 85% of its initial level, in which case investors will lose 1% for every 1% decline of the lesser performing index beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable buffered notes with step-up premium
Underlying index:	S&P 500 index and Russell 2000 index
Amount:	$102,000
Maturity:	Sept. 7, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not called, par unless either index falls below 85% of its initial level, in which case investors will lose 1% for every 1% decline of the lesser performing index beyond buffer
Call:	At par plus 11.3% annualized premium if each index closes at or above its initial level on any annual observation date; final premium is 56.5% for maturity date
Initial levels:	1,844.115 for Russell, 3,955 for S&P
Buffer levels:	85% of initial levels
Pricing date:	Aug. 31, 2022
Settlement date:	Sept. 6, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40441XGB0

© 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.