New Issue: HSBC prices $1.45 million twin participation notes tied to Euro Stoxx

By Marisa Wong

Madison, Wis., Sept. 23 – HSBC USA Inc. priced $1.45 million of 0% twin participation notes due Sept. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 130% of the index gain.

If the final index level is 60% to 100% of the initial index level, the payout will be par plus the absolute value of the index return.

If the final index level is less than 60% of the initial level, investors will lose 1% for every 1% that the final level is less than the initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Twin participation notes
Underlying index:	Euro Stoxx 50
Amount:	$1,448,000
Maturity:	Sept. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 130% of gain; if final level is 60% to 100% of initial level, par plus absolute value of index return; otherwise, 1% loss for every 1% that final level is less than initial level
Initial index level:	3,273.25
Trigger level:	1,963.95, 60% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433BNG9

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