New Issue: HSBC sells $1.46 million trigger gears linked to basket of two indexes

By Marisa Wong

Morgantown, W.Va., Dec. 8 – HSBC USA Inc. priced $1.46 million of 0% trigger gears due Feb. 28, 2023 linked to an equally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of the Euro Stoxx 50 index and the MSCI Emerging Markets index.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.78 times the basket return. Investors will receive par if the basket declines by 30% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 30%.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger gears
Underlying basket:	Euro Stoxx 50 and MSCI Emerging Markets
Amount:	$1,455,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.78 times any basket gain; par if basket falls by up to 30%; otherwise, full exposure to losses
Initial index levels:	3,564.02 for Stoxx, 1,144.33 for MSCI EM
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	None
Cusip:	40435J307

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