By Sarah Lizee
Olympia, Wash., July 1 – HSBC USA Inc. priced $6.7 million of 0% trigger jump securities due Dec. 29, 2021 linked to the common stock of ViacomCBS Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the upside payment of 52.5%.
If the final share price is less than or equal the initial share price but greater than or equal to 90% of the initial share price, the payout will be par.
If the final share price is less than the trigger price, investors will be fully exposed to the stock’s decline from the initial share price.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying asset: | ViacomCBS Inc.
|
| Amount: | $6,697,500
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| Maturity: | Dec. 29, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above its initial price, par plus 52.5%; par if the stock falls by up to 10%; full exposure to losses if the fund finishes below trigger price
|
| Initial price: | $23.71
|
| Trigger price: | 90% of initial price
|
| Pricing date: | June 23
|
| Settlement date: | June 26
|
| Underwriter: | HSBC Securities (USA) Inc. with distribution through Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40438J536
|
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