New Issue: HSBC prices $1.5 million 8.4% coupon barrier notes tied to Gold Miners

By Susanna Moon

Chicago, Feb. 23 – HSBC USA Inc. priced $1.5 million 8.4% fixed coupon barrier notes due Feb. 24, 2020 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the fund finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Fixed coupon barrier notes
Underlying fund:	Market Vectors Gold Miners ETF
Amount:	$1.5 million
Maturity:	Feb. 24, 2020
Coupon:	8.4%, payable quarterly
Price:	Par
Payout at maturity:	Par unless fund finishes below 70% trigger level, in which case full exposure to any losses
Initial level:	$24.79
Trigger level:	$17.353, 70% of initial level
Pricing date:	Feb. 17
Settlement date:	Feb. 24
Underwriter:	HSBC USA Inc.
Fees:	1.5%
Cusip:	40435C138

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