New Issue: HSBC sells $649,000 barrier enhanced participation notes on EAFE ETF

By Marisa Wong

Morgantown, W.Va., Oct. 12 – HSBC USA Inc. priced $649,000 of 0% barrier enhanced participation notes due Oct. 6, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par plus 1.46 times the gain.

Investors will receive par if the fund falls by up to 50% and will be fully exposed to the decline if the fund falls by more than 50%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$649,000
Maturity:	Oct. 6, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.46 times any fund gain; par if fund falls by up to 50%; otherwise, full exposure to decline
Initial level:	$68.65
Pricing date:	Oct. 3
Settlement date:	Oct. 6
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FHZ3

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