By Marisa Wong
Morgantown, W.Va., Aug. 2 – HSBC USA Inc. priced $303,500 of 0% trigger gears due July 30, 2021 linked to the S&P 500 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 1.71 times the gain.
If the index falls but finishes at or above the 75% downside threshold level, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to the decline.
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: | S&P 500
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| Amount: | $303,500
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| Maturity: | July 30, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.71 times any index gain; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
|
| Initial index level: | 2,169.18
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| Downside threshold: | 1,626.89, 75% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40434V475
|
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