New Issue: HSBC sells $2.94 million capped buffer gears linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 1 – HSBC USA Inc. priced $2.94 million of 0% capped buffer gears due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus two times the index gain, subject to a maximum return of 46.6%.

If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.

Otherwise, investors will be exposed to losses beyond 10%.

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

Issuer:	HSBC USA Inc.
Issue:	Capped buffer gears
Underlying index:	Euro Stoxx 50 index
Amount:	$2,943,100
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any index gain, return capped at 46.6%; par if index finishes at or below the initial level but at or above the 90% downside threshold; otherwise, investors will be exposed to losses beyond 10%
Initial index level:	3,463.18
Downside threshold:	3,116.86, 90% of initial level
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	2%
Cusip:	40435J224

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