New Issue: HSBC sells $8.84 million trigger performance notes on iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., April 30 – HSBC USA Inc. priced $8.84 million of 0% trigger performance securities due April 30, 2020 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 positive, the payout at maturity will be par of $10 plus 159.7% of the fund return. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if it falls by more than 25%.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$8,844,920
Maturity:	April 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 159.7% of fund return; par if fund falls by up to 25%; full exposure to losses from initial level if fund falls by more than 25%
Initial level:	$67.75
Trigger level:	$50.81, 75% of initial level
Pricing date:	April 27
Settlement date:	April 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	3.5%
Cusip:	40434G627

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