By Angela McDaniels
Tacoma, Wash., Sept. 5 – HSBC USA Inc. priced $1.07 million of 0% trigger jump securities due Sept. 6, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus the greater of 39% and the ETF return.
If the final share price is less than the initial share price but greater than or equal to the trigger price, the payout will be par. The trigger price is 75% of the initial share price.
If the final share price is less than the trigger price, investors will be fully exposed to the ETF’s decline from the initial share price.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger jump securities
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,069,200
|
| Maturity: | Sept. 6, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus greater of 39% and ETF return; if final share price is less than initial share price but greater than or equal to trigger price, par; if final share price is less than trigger price, full exposure to ETF’s decline from initial share price
|
| Initial share price: | $44.83
|
| Downside threshold: | $33.6225, 75% of initial share price
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 40435G550
|
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