New Issue: HSBC prices $1.47 million trigger performance notes linked to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 31 – HSBC USA Inc. priced $1.47 million of 0% trigger performance securities due July 31, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 170% of the ETF return. Investors will receive par if the ETF 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 ETF:	iShares MSCI EAFE ETF
Amount:	$1,473,850
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If ETF return is positive, par plus 170% of ETF return; par if ETF falls by up to 25%; full exposure to losses from initial level if ETF falls by more than 25%
Initial share price:	$64.22
Trigger price:	$48.17, 75% of initial share price
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	0.5%
Cusip:	40434E762

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