By Susanna Moon
Chicago, Dec. 2 – HSBC USA Inc. priced $2.29 million of 0% allocation securities due Nov. 30, 2021 linked to a basket of the SPDR S&P 500 ETF trust, the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The best performing fund will be weighted 60% in the basket, and the fund with the second-best return will be weighted at 40%. The fund with the lowest return will have 0% weighting.
The payout at maturity will be par of $10 plus any basket gain.
Investors will be exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Allocation securities
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| Underlying funds: | SPDR S&P 500 ETF trust, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF; best performing fund with 60% weight and second-best return weighted at 40%
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| Amount: | $2,287,200
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| Maturity: | Nov. 30, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus basket return; exposure to any losses
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| Initial levels: | $220.48 for SPDR S&P, $56.49 for iShares MSCI EAFE and $35.39 for iShares MSCI EM
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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| Fees: | 3.5%
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| Cusip: | 40435B379
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