New Issue: HSBC prices $7.21 million trigger performance notes linked to S&P 500

By Susanna Moon

Chicago, Oct. 28 - HSBC USA Inc. priced $7.21 million of 0% trigger performance securities due Oct. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2.14 times any gain in the index.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any declines if the index drops by more than the buffer amount.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the placement agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$7,214,900
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 214% of any index gain; par if index falls by 50% or less; full exposure to losses if index falls below trigger
Initial index level:	1,242
Trigger level:	621, 50% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	HSBC Securities (USA) Inc. (underwriter) UBS Financial Services Inc. (placement agent)
Fees:	5%
Cusip:	40433C361

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