Published on 10/4/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $525,000 barrier digital notes linked to gold ETF, Russell, Nasdaq
Chicago, Oct. 4 – HSBC USA Inc. priced $525,000 of 0% barrier digital notes due Oct. 3, 2025 linked to the least performing of the VanEck Vectors Gold Miners ETF, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing asset’s return is greater than or equal to negative 45%, the payout at maturity will be par plus 37%. Otherwise, investors will be exposed to the decline of the least-performing asset.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier digital notes
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| Underlying assets: | VanEck Vectors Gold Miners ETF, Russell 2000 index and Nasdaq-100 index
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| Amount: | $525,000
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| Maturity: | Oct. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least-performing asset’s return is greater than or equal to negative 45%, par plus 37%; otherwise, exposure to decline of least-performing asset
|
| Initial levels: | $23.58 for ETF, 1,715.243 for Russell and 11,493.83 for Nasdaq
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| Barrier levels: | 55% of initial levels
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| Pricing date: | Sept. 28, 2022
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| Settlement date: | Oct. 3, 2022
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.5%
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| Cusip: | 40441XNV8
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