New Issue: HSBC sells $4.60 million three-year trigger gears tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Aug. 4 – HSBC USA Inc. priced $4.60 million of 0% trigger gears due July 31, 2020 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 of $10 plus 2 times the index return.

Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger gears
Underlying index:	Euro Stoxx 50 index
Amount:	$4,603,600
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any index gain; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
Initial level:	3,493.14
Downside threshold:	2,619.86, 75% of initial level
Pricing date:	July 27
Settlement date:	July 31
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435H533

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