New Issue: HSBC sells $75,000 capped gears linked to Stoxx

By Sarah Lizee

Olympia, Wash., July 6 – HSBC USA Inc. priced $75,000 of 0% capped gears due Aug. 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum payout of par plus 19%. If the index return is less than zero, investors will have full exposure to the decline.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Capped gears
Underlying index:	Euro Stoxx 50
Amount:	$75,000
Maturity:	Aug. 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, capped at par plus 19%; full exposure to any losses
Initial level:	3,204.17
Pricing date:	June 26
Settlement date:	June 30
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40438J577

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