HSBC plans to price three-year capped trigger gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 22 – HSBC USA Inc. plans to price 0% capped trigger gears due Feb. 28, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, subject to a maximum return of 30% to 33%.

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% downside threshold level.

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

The notes will price on Feb. 23.

The Cusip number is 40435C286.

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