New Issue: HSBC prices $2.5 million trigger jump notes tied to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Feb. 5 – HSBC USA Inc. priced $2.5 million of 0% trigger jump securities due Feb. 3, 2022 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 of $10 plus the greater of the index return and 54%. Investors will receive par if the index declines by 35% or less and will be exposed to losses from the initial level if the index declines by more than 35%.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Trigger jump securities
Underlying index:	Euro Stoxx 50
Amount:	$2,500,600
Maturity:	Feb. 3, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus greater of index return and 54%; par if index’s final level is less than initial level but greater than or equal to trigger level; exposure to losses from initial level if final index level is less than trigger level
Initial index level:	3,045.09
Downside threshold:	1,979.31, 65% of initial index level
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	40434K214

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