New Issue: HSBC sells $772,000 market participation securities on three ETFs

Chicago, May 24 – HSBC USA Inc. sold $772,000 of 0% market participation securities due July 6, 2027 linked to the least performing of the SPDR S&P 500 ETF Trust, the iShares Russell 2000 ETF and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If each ETF finishes positive, investors will receive at maturity par plus 1.9 times the return of the worst performer.

Otherwise, investors will be fully exposed to the decline of the worst performer, payable in shares.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market participation securities
Underlying ETFs:	SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and Invesco QQQ Trust, Series 1
Amount:	$772,000
Maturity:	July 6, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.9 times return of worst performer if all three ETFs finish positive; otherwise, full exposure to losses of worst performer payable in shares of that ETF
Initial levels:	$283.80 for S&P, $170.69 for Russell, $380.34 for QQQ
Pricing date:	June 29, 2022
Settlement date:	July 5, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40428HTK8

© 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.