New Issue: HSBC prices $20.56 million market-linked step-up notes on Stoxx Global Select Dividend 100

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – HSBC USA Inc. priced $20.56 million of 0% market-linked step-up notes due Dec. 31, 2021 linked to the Stoxx Global Select Dividend 100 index, according to a 424B2 filing with the Securities and Exchange.

If the index finishes above the step-up level – 136.15% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 36.15%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market-linked step-up notes
Underlying index:	Stoxx Global Select Dividend 100
Amount:	$20,556,260
Maturity:	Dec. 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up level, par plus the index gain; if the index gains by up to the step-up level, par plus 36.15%; full exposure to any losses
Initial level:	2,954.52
Step-up level:	4,022.58, 136.15% of initial level
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	40438B442

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