New Issue: HSBC sells $2.67 million capped trigger gears tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 18 – HSBC USA Inc. priced $2.67 million of 0% capped trigger gears due June 15, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 30.25%.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Capped trigger gears
Underlying index:	Russell 2000 index
Amount:	$2,665,200
Maturity:	June 15, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at 30.25%; if index falls by up to 25%, par; otherwise, 1% for each 1% decline
Initial level:	1,387.685
Downside threshold:	1,040.764, 75% of initial level
Pricing date:	June 12
Settlement date:	June 17
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40438J650

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