By Wendy Van Sickle
Columbus, Ohio, Nov. 11 – HSBC USA Inc. priced $100,000 of 0% autocallable market plus notes due Aug. 4, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 7.85% if the closing level of the index is equal to or above the initial level on Aug. 12, 2022.
If not called, the payout at maturity will be par plus 200% of the index return if the index finishes at or above its initial level.
The payout will be par if the index declines by up to 15% of it is initial level.
If the index declines by more than 15%, investors will be fully exposed to losses.
HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable market plus notes
|
| Underlying index: | S&P 500
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| Amount: | $100,000
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| Maturity: | Aug. 4, 2023
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| Call: | Automatically at par plus 7.85% if index closes at or above initial level on Aug. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of index return if index finishes flat or above initial level; par if index declines by up to 15%; otherwise full exposure to losses
|
| Initial level: | 4,395.26
|
| Trigger level: | 3,735.971, 85% of initial level
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| Pricing date: | July 30
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| Settlement date: | Aug. 6
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| Agents: | HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 40439JGY5
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