New Issue: HSBC sells $3 million jump securities on iShares U.S. Real Estate

By Wendy Van Sickle

Columbus, Ohio, April 5 – HSBC USA Inc. priced $3 million of 0% jump securities due April 13, 2023 linked to the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is zero or positive, the payout at maturity will be par plus 13.35%. Otherwise, investors will lose 1% for each 1% decline from the initial level.

Credit Suisse Securities (USA) LLC is the agent, with Morgan Stanley Smith Barney LLC handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Jump securities
Underlying ETF:	iShares U.S. Real Estate ETF
Amount:	$3 million
Maturity:	April 13, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF return is zero or positive, par plus 13.35%; otherwise, 1% loss for each 1% decline from the initial level
Initial level:	$108.22
Pricing date:	March 31
Settlement date:	April 5
Underwriter:	Credit Suisse Securities (USA) LLC
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	2.25%
Cusip:	40390L610

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