By Kiku Steinfeld
Chicago, Jan. 8 – HSBC USA Inc. priced $650,000 of 0% autocallable barrier notes with step-up premium and digital upside return due April 28, 2028 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 9.25% annualized call premium if the index closes at or above its initial level on any annual observation date.
If the index return is greater than 25%, the payout at maturity will be par plus the index return.
If the index return is greater than 0% but less than or equal to 25%, the payout will be par plus the digital return of 25%.
If the return is less than or equal to 0% but greater than or equal to negative 25%, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable barrier notes with step-up premium and digital upside return
|
| Underlying index: | S&P 500 index
|
| Amount: | $650,000
|
| Maturity: | April 28, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus gain if index return is greater than 25%; if index return is greater than 0% but less than or equal to 25%, par plus 25%; if return is less than or equal to 0% but greater than or equal to negative 25%, par; otherwise, full exposure to losses from initial level
|
| Call: | At par plus a 9.25% annualized call premium if the index closes at or above its initial level on any annual observation date
|
| Initial index level: | 4,071.63
|
| Barrier level: | 75% of initial level
|
| Pricing date: | April 25, 2023
|
| Settlement date: | April 28, 2023
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.35%
|
| Cusip: | 40441X5L0
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
