New Issue: HSBC sells $250,000 reopened trigger gears due 2028 linked to S&P 500

By Marisa Wong

Los Angeles, Oct. 7 – HSBC USA Inc. priced $250,000 of additional 0% trigger gears due Jan. 31, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

HSBC originally issued $17,513,990 of the trigger gears on Jan. 31, 2018. With the reopened notes issued on Oct. 5, the total issue amount is $17,763,990.

The payout at maturity will be par plus 1.43 times any index gain.

If the index falls by up to 50%, 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:	Trigger gears
Underlying index:	S&P 500 index
Amount:	$17,763,990, increased from $17,513,990
Maturity:	Jan. 31, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.43 times any index gain; if index falls by up to 50%, par; otherwise, 1% loss for each 1% decline below initial level
Initial level:	2,872.87
Downside threshold:	1,436.435, 50% of initial level
Pricing date:	Jan. 26, 2018 for $17,513,990, Oct. 1 for $250,000
Settlement date:	Jan. 31, 2018 for $17,513,990, Oct. 5 for $250,000
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	0.5% for original issue
Cusip:	40435J547

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.