By Marisa Wong
Morgantown, W.Va., June 2 – HSBC USA Inc. priced $695,400 of 0% trigger gears due May 28, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes above the initial level, the payout at maturity will be par plus the upside gearing of 1.99 times the gain.
If the fund falls but finishes at or above the 75% downside threshold, the payout will be par.
If the fund falls by more than 25%, investors will be fully exposed to losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger gears
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $695,400
|
| Maturity: | May 28, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.99 times any fund gain; par if fund declines by 25% or less; full exposure to loss if fund falls beyond 25%
|
| Initial price: | $58.56
|
| Downside threshold: | $43.92, 75% of initial price
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40434N184
|
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