New Issue: HSBC prices $2.84 million trigger step notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 6 – HSBC USA Inc. priced $2.84 million of 0% trigger step securities due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the 40.03% step return and the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to declines from the initial level if it falls more than 25%.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger step securities
Underlying index:	Euro Stoxx 50
Amount:	$2,838,400
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 40.03%; par if index falls by 25% or less; full exposure to losses if index falls more than 25%
Initial level:	2,758.67
Trigger level:	2,069.00, 75% of initial level
Pricing date:	June 28
Settlement date:	June 30
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	3%
Cusip:	40434V749

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