Published on 2/29/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $415,000 digital upside return notes on S&P, Russell
By Kiku Steinfeld
Chicago, Feb. 29 – HSBC USA Inc. priced $415,000 of 0% digital upside return notes due Sept. 30, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 7%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital upside return notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $415,000
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| Maturity: | Sept. 30, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes flat or gains, par 7%; otherwise, par
|
| Initial levels: | 4,378.41 for S&P, 1,849.930 for Russell
|
| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40447ABR4
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