Published on 6/2/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $296,000 buffered Accelerated Market Participation Securities on S&P 500 ESG
By Wendy Van Sickle
Columbus, Ohio, June 2 – HSBC USA Inc. priced $296,000 of 0% buffered Accelerated Market Participation Securities due Dec. 2, 2024 linked to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, capped at par plus 23.25%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying index: | S&P 500 ESG index
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Amount: | $296,000
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Maturity: | Dec. 2, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus two times the index return, capped at par plus 23.25%; par if index declines by 10% or less; otherwise, 1% loss for every 1% index declines beyond 10% buffer
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Initial index level: | 347.58
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Buffer level: | 90% of initial level
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Pricing date: | May 25
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Settlement date: | May 31
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 1.775%
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Cusip: | 40439J2J3
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