By Susanna Moon
Chicago, Nov. 15 - HSBC USA Inc. priced $3.65 million of 0% trigger performance securities due Nov. 16, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 227% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% trigger level.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.
Issuer: | HSBC USA Inc.
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Issue: | Trigger performance securities
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Underlying index | Euro Stoxx 50 index
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Amount: | $3.65 million
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Maturity: | Nov. 16, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 227% of any gain; par if index falls by up to 50%; full exposure to any losses if index finishes below trigger level
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Initial level: | 3,021.17
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Trigger level: | 1,510.59, 50% of initial level
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Pricing date: | Nov. 13
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Settlement date: | Nov. 18
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Underwriters: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | 5%
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Cusip: | 40434B776
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