New Issue: HSBC prices $3.66 million of trigger performance notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – HSBC USA Inc. priced $3,662,700 of 0% trigger performance securities due Nov. 30, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 145% of any index gain.

Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$3,662,700
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 145% of any index gain; par if index falls by up to 35%; full exposure to losses from initial level if index falls by more than 35%
Initial level:	2,089.14
Trigger level:	1,357.94, 65% of initial level
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	0.5%
Cusip:	40434K594

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