New Issue: HSBC sells $1.16 million dual directional barrier notes on iShares MSCI EAFE, Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 8 – HSBC USA Inc. priced $1.16 million of 0% dual directional barrier securities due July 5, 2022 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each asset finishes at or above its initial level, the payout will be par plus 205% of the return of the worse performing asset.

If the lesser performing asset falls by up to 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Dual directional barrier securities
Underlying assets:	iShares MSCI EAFE ETF and Euro Stoxx 50 index
Amount:	$1,156,000
Maturity:	July 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset finishes at or above initial level, par plus 205% of return of worse performing asset; if lesser performing asset falls by up to 25%, par; otherwise, 1% loss per 1% drop of worse performing asset
Initial levels:	$65.73 for MSCI EAFE, 3,473.69 for Stoxx
Trigger levels:	$49.2975 for MSCI EAFE, 2,605.2675 for Stoxx; 75% of initial levels
Pricing date:	June 28
Settlement date:	July 3
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435UPM0

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