HSBC plans 10-year trigger gears linked to S&P 500 with UBS

By Susanna Moon

Chicago, Oct. 13 – HSBC USA Inc. plans to price 0% trigger gears due Oct. 29, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.34 times to 1.54 times any index gain.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below its 50% downside threshold.

HSBC USA Inc. and UBS Financial Services Inc. are the agents.

The notes will price on Oct. 26.

The Cusip number is 40435H491.

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