By Emma Trincal
New York, June 21 – HSBC USA Inc. priced $8.35 million of 0% autocallable trigger Performance Leveraged Upside Securities due June 21, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a premium of 13.4% if the index closes at or above its initial level on June 22, 2023.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.25 times the index gain.
If the index finishes negative but at or above the 75% trigger level, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is acting as distributor.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P 500 index
|
| Amount: | $8,345,840
|
| Maturity: | June 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus 1.25 times the return of the index; if the index finishes at or above the trigger level, par; otherwise, exposure to any losses of the index
|
| Call: | At par plus 13.4% if the index closes at or above its initial level on June 22, 2023
|
| Initial levels: | 3,789.99
|
| Trigger level: | 2,842.4925; 75% of initial level
|
| Pricing date: | June 15
|
| Settlement date: | June 21
|
| Agent: | HSBC Securities (USA) Inc. is the agent; Morgan Stanley Wealth Management is acting as distributor
|
| Fees: | 2.5%
|
| Cusip: | 40439N726
|
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