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Published on 7/7/2017 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $4.97 million trigger jump securities tied to Euro Stoxx

By Wendy Van Sickle

Columbus, Ohio, July 7 – HSBC USA Inc. priced $4.97 million of 0% trigger jump securities due July 3, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 25.25%.

If the final index level is less than the initial index level but greater than or equal to the 90% trigger level, the payout will be par.

If the final index level is less than the trigger level, investors will be exposed to the decline from the initial index level.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:HSBC USA Inc.
Issue:Trigger jump securities
Underlying index:Euro Stoxx 50
Amount:$4,974,750
Maturity:July 3, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:If the final index level is greater than or equal to the initial index level, par plus the greater of the index return and 25.25%; if the final index level is less than the initial index level but greater than or equal to the trigger level, par; otherwise, investors will be exposed to the decline from the initial index level
Initial index level:3,097.692
Trigger level:3,097.692, 90% of initial level
Pricing date:June 30
Settlement date:July 6
Agent:HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:2.5%
Cusip:40435D177

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