Published on 1/8/2024 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $975,000 market participation securities linked to S&P 500
By Kiku Steinfeld
Chicago, Jan. 8 – HSBC USA Inc. priced $975,000 of 0% market participation securities due May 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of 5.3%. If the index return is less than or equal to zero, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Market participation securities
|
| Underlying indexes: | S&P 500 index
|
| Amount: | $975,000
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| Maturity: | May 28, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than zero, par plus index return, subject to maximum return of 5.3%; if index return is less than or equal to zero, par
|
| Initial levels: | 4,071.63
|
| Pricing date: | April 25, 2023
|
| Settlement date: | April 28, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40441X4J6
|
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