New Issue: HSBC prices $670,000 four-year trigger step notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, Dec. 2 – HSBC USA Inc. priced $670,000 of 0% trigger step securities due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the 60.5% step return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.

UBS Financial Services Inc. and HSBC Securities (USA) Inc are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger step securities
Underlying index:	Euro Stoxx 50
Amount:	$670,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus greater of return and 60.5%; par if index falls by up to 25% and full exposure to any losses beyond trigger level
Initial level:	3,016.80
Trigger level:	2,262.60, 75% of initial level
Pricing date:	Nov. 28
Settlement date:	Nov. 30
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc
Fees:	0.5%
Cusip:	40435C302

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