New Issue: HSBC prices $754,000 trigger performance securities tied to S&P 500

By Marisa Wong

Madison, Wis., June 30 – HSBC USA Inc. priced $754,000 of 0% trigger performance securities due June 30, 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 155% of any index gain.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500 index
Amount:	$754,000
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 155% of index return; par if index falls by up to 25%; full exposure to losses from initial level if index falls by more than 25%
Initial index level:	2,102.31
Trigger level:	1,576.73, 75% of initial level
Pricing date:	June 25
Settlement date:	June 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	None
Cusip:	40434G114

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