New Issue: HSBC prices $17.66 million trigger performance notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Oct. 31 - HSBC USA Inc. priced $17.66 million of 0% trigger performance securities due Oct. 31, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 210.06% of any index gain.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying fund:	Euro Stoxx 50 index
Amount:	$17,657,500
Maturity:	Oct. 31, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 210.06% of any gain; par if index falls by up to 50%; full exposure to any losses if index finishes below trigger level
Initial level:	3,050.64
Trigger level:	1,525.32, 50% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Underwriters:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	5%
Cusip:	40434B404

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