New Issue: HSBC sells $1.99 million trigger gears due 2022 tied to indexes, fund

By Sarah Lizee

Olympia, Wash., Aug. 21 – HSBC USA Inc. priced $1.99 million of 0% trigger gears due Aug. 22, 2022 linked to a basket of equally-weighted indexes and a fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index, the Nikkei 225 index, the FTSE 100 index, the S&P/ASX 200 index, the Hang Seng index and the WisdomTree India Earnings Fund, each with a 20% weight.

The payout at maturity will be par of $10 plus 1.83 times any basket gain.

Investors will receive par if the basket falls by up to 40% and be fully exposed to any losses if it finishes below its 60% trigger level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger gears
Underlying assets:	Euro Stoxx 50 index, Nikkei 225 index, FTSE 100 index, S&P/ASX 200 index, Hang Seng index and WisdomTree India Earnings Fund, each with 20% weight
Amount:	$1,988,750
Maturity:	Aug. 22, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.83 times any basket gain; par if basket falls by up to 40%; otherwise, full exposure to losses
Initial levels:	3,372.94 for Euro Stoxx 50, 22,270.38 for Nikkei 225, 7,558.59 for FTSE 100, 6,339.23 for S&P/ASX 200, 27,213.41 for Hang Seng and $26.53 for WisdomTree India Earnings Fund
Trigger level:	60% of initial level
Pricing date:	Aug. 17
Settlement date:	Aug. 22
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435X520

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