New Issue: HSBC sells $1.32 million trigger gears linked to Euro Stoxx 50 index

By Sarah Lizee

Olympia, Wash., Oct. 3 – HSBC USA Inc. priced $1.32 million of 0% trigger gears due Oct. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3.58 times any index gain.

If the index falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger gears
Underlying index:	Euro Stoxx 50 index
Amount:	$1,315,000
Maturity:	Oct. 3, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3.58 times any index gain; if index falls by up to 30%, par; otherwise, 1% for each 1% decline
Initial level:	3,399.20
Downside threshold:	2,379.44, 70% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435X157

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