Published on 3/28/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $917,000 digital upside return notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., March 28 – HSBC USA Inc. priced $917,000 of 0% digital upside return notes due Oct. 7, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing index’s return is greater than or equal to zero, the payout at maturity will be par plus 8.65%. If the lesser performing index’s return is less than zero, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital upside return notes
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $917,000
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Maturity: | Oct. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser performing index’s return is greater than or equal to zero, par plus 8.65%; otherwise, par
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Initial levels: | 4,450.38 for S&P and 1,888.734 for Russell
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40447ACD4
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