New York, Dec. 2 – HSBC USA Inc. priced $6,205,410 of 0% trigger jump securities due Dec. 3, 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 level, the payout at maturity will be par of $10 plus the greater of the index return and 50%.
If the final index level is less than or equal to the initial level and greater than or equal to the trigger level, the payout will be par. The trigger level is 60% of the initial index level.
If the final index level is less than the trigger level, investors will lose 1% for every 1% that the final index level is less than the initial level.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $6,205,410
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| Maturity: | Dec. 3, 2020
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final index level is greater than initial level, par plus greater of index return and 50%; if final index level is less than or equal to initial level and greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that final index level is less than initial level
|
| Initial index level: | 3,250.93
|
| Trigger level: | 1,950.56, 60% of initial level
|
| Pricing date: | Nov. 28
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| Settlement date: | Dec. 3
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 40434D152
|
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