New Issue: HSBC prices $16.92 million trigger performance securities linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Feb. 27 – HSBC USA Inc. priced $16.92 million of 0% trigger performance securities due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 165% of the index return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$16,916,980
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 165% of index return; par if index falls by up to 25%; fully exposed to losses from initial level if it falls by more than 25%
Initial level:	3,541.78
Trigger level:	2,656.34, 75% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 27
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	40434F413

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