By Susanna Moon
Chicago, Dec. 30 – HSBC USA Inc. priced $1.06 million of 0% trigger performance securities due Dec. 31, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
If the fund finishes above its initial level, the payout at maturity will be par of $10 plus 161% of the gain.
If the fund 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. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Trigger performance securities
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| Underlying fund: | Energy Select Sector SPDR fund
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| Amount: | $1,057,700
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| Maturity: | Dec. 31, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 161% of any fund gain; par if fund falls by up to 25%; full exposure to any losses if fund falls below trigger level
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| Initial price: | $60.45
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| Trigger level: | $45.34, 75% of initial price
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
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| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
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| Fees: | 3.5%
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| Cusip: | 40434K396
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