New Issue: HSBC prices $5.71 million trigger performance notes on Russell 2000

By Marisa Wong

Madison, Wis., April 29 – HSBC USA Inc. priced $5.71 million of 0% trigger performance securities due April 30, 2025 linked to the Russell 2000 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 137.7% of the index return. Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls by more than 50%.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	Russell 2000
Amount:	$5,710,310
Maturity:	April 30, 2025
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 137.7% of index return; par if index falls by up to 50%; full exposure to losses from initial level if index falls by more than 50%
Initial level:	1,252.700
Trigger level:	626.350, 50% of initial level
Pricing date:	April 27
Settlement date:	April 30
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	5%
Cusip:	40434G635

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