New Issue: HSBC sells $1 million capped gears linked to Euro Stoxx 50

Chicago, Dec. 18 – HSBC USA Inc. priced $1 million of 0% capped gears due Feb. 3, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 3 times the index return, subject to a maximum return of 24.6%. If the index return is less than zero, investors will have full exposure to the decline.

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

Issuer:	HSBC USA Inc.
Issue:	Capped gears
Underlying index:	Euro Stoxx 50
Amount:	$1,000,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any index gain, return capped at 24.6%; full exposure to any losses
Initial level:	3,712.85
Pricing date:	Nov. 27
Settlement date:	Dec. 3
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	0.9%
Cusip:	40438B426

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