By Wendy Van Sickle
Columbus, Ohio, May 17 – HSBC USA Inc. priced $2.8 million of 0% trigger gears due May 17, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 1.82 times the gain.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to the loss.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Trigger gears
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.8 million
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| Maturity: | May 17, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.82 times any index gain; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
|
| Initial index level: | 2,956.63
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| Downside threshold: | 2,217.47, 75% of initial level
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| Pricing date: | May 13
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| Settlement date: | May 18
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40434V301
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