Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5.11 million digital upside return notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., Feb. 15 – HSBC USA Inc. priced $5.11 million of 0% digital upside return notes due March 4, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 7.4%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Digital upside return notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $5,111,000
|
| Maturity: | March 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes flat or gains, par plus 7.4%; otherwise, par
|
| Initial level: | 4,076.6
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40441XYY0
|
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