By Marisa Wong
Morgantown, W.Va., Oct. 7 – HSBC USA Inc. priced $2.6 million of 0% capped trigger gears due Sept. 30, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus 2 times the gain, subject to a maximum gain of 59%.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par.
If the index falls by more than 30%, investors will be fully exposed to the decline.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,604,000
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| Maturity: | Sept. 30, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, capped at 59%; par if index declines by 30% or less; full exposure to loss if index falls beyond 30%
|
| Initial index level: | 2,991.11
|
| Downside threshold: | 2,093.78, 70% of initial level
|
| Pricing date: | Sept. 28
|
| Settlement date: | Sept. 30
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 2.5%
|
| Cusip: | 40435B775
|
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