Published on 11/21/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $14,000 0% buffered AMPS linked to VanEck Vectors Gold
New York, Nov. 21 – HSBC USA Inc. priced $14,000 of 0% buffered Accelerated Market Participation Securities due Nov. 4, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 53%. Investors will receive par if the ETF declines but ends above the 85% buffer level and will lose 1% for every 1% that the ETF declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $14,000
|
| Maturity: | Nov. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 200% of ETF return, subject to a maximum return of par plus 53%; par if ETF declines but finishes above the 85% buffer level; otherwise, exposure to decline in ETF beyond 15%
|
| Initial level: | $24.16
|
| Buffer level: | 85% of initial level
|
| Upside leverage: | 200%
|
| Cap: | 53%
|
| Call: | Non-callable
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| Pricing date: | Oct. 31, 2022
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| Settlement date: | Nov. 3, 2022
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0%
|
| Cusip: | 40441XQD5
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