By Sarah Lizee
Olympia, Wash., Aug. 14 – HSBC USA Inc. changed the maturity date of its recently priced $3.15 million of 0% autocallable barrier notes linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The maturity date was changed to Aug. 15, 2022 from Aug. 31, 2023.
Other terms are unchanged.
The notes will be called at par plus a call premium of 13.18% per year if each index closes at or above its initial level on any annual observation date.
The payout at maturity will be par unless either index finishes below its barrier level, 75% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes
|
| Underlying indexes: | Nasdaq-100 and Russell 2000
|
| Amount: | $3,145,000
|
| Maturity: | Aug. 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below barrier level, in which case 1% loss for every 1% decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus call premium of 13.18% per year if each index closes at or above initial level on any annual observation date
|
| Initial levels: | 7,724.83 for Nasdaq and 1,532.132 for Russell
|
| Barrier levels: | 5,793.62 for Nasdaq and 1,149.099 for Russell, or 75% of initial levels
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40435UVB7
|
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