Published on 12/28/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $2.41 million digital upside return notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – HSBC USA Inc. priced $2.41 million of 0% digital upside return notes due March 21, 2025 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 7.35%.
Otherwise, investors will receive par.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Digital upside return notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $2,414,000
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Maturity: | March 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes flat or gains, par plus 7.35%; otherwise, par
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Initial levels: | 4,740.56 for S&P, 1,982.417 for Russell
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Pricing date: | Dec. 18
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Settlement date: | Dec. 21
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40447ATR5
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