New Issue: HSBC prices $6.61 million three-year trigger gears linked to MSCI EAFE

By Kiku Steinfeld

Chicago, Oct. 4 – HSBC USA Inc. priced $6.61 million of 0% trigger gears due Sept. 24, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.805 times any index gain.

If the index finishes flat or falls by up to 30% of its initial level, 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 asset:	MSCI EAFE index
Amount:	$6,611,000
Maturity:	Sept. 24, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	1.805 times any index gain; if index finishes flat or falls by up to 30%, par; otherwise, 1% loss per 1% decline
Initial level:	1,913.69
Trigger level:	1,339.58, 70% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 24
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40438B509

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