New Issue: HSBC prices $3.16 million trigger jump securities linked to S&P 500

By Jennifer Chiou

New York, Feb. 2 – HSBC USA Inc. priced $3,155,500 of 0% trigger jump securities due Feb. 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and 35%.

If the index falls by up to the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the distributor.

Issuer:	HSBC USA Inc.
Issue:	Trigger jump securities
Underlying index:	S&P 500
Amount:	$3,155,500
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of return and 35%; if index falls by up to trigger level, par; otherwise, full exposure to any losses
Initial index level:	1,994.99
Trigger level:	1,196.99, 60% of initial level
Pricing date:	Jan. 30
Settlement date:	Feb. 4
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	40434F652

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