By Sarah Lizee
Olympia, Wash., Aug. 2 – HSBC USA Inc. priced $1 million of 0% market-linked notes due Aug. 1, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a cap of 36.5%.
Investors will receive par if the index falls or remains flat.
HSBC Securities (USA) Inc. is the agent with JPMorgan as placement agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Aug. 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, subject to a cap of 36.5%; par if the index falls or remains flat
|
| Initial index level: | 1,663.340
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agent: | HSBC Securities (USA) Inc. with JPMorgan as placement agent
|
| Fees: | 3%
|
| Cusip: | 40435FV46
|
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