By Sarah Lizee
Olympia, Wash., March 25 – HSBC USA Inc. priced $621,000 of 0% buffered Accelerated Market Participation Securities due March 20, 2023 linked to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any index gain, up to a maximum payout of 24%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | S&P 500 ESG index
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| Amount: | $621,000
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| Maturity: | March 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any index gain, up to 24% cap; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
|
| Initial level: | 230.32
|
| Buffer level: | 90% of initial level
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.025%
|
| Cusip: | 40435U6M1
|
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