By Devika Patel
Knoxville, Tenn., Jan. 28 – HSBC USA Inc. priced $152,800 of 0% trigger performance securities due Jan. 29, 2021 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 144% of the index return.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
HSBC Securities (USA) Inc. is the distributer with UBS Financial Services Inc. as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | Russell 2000
|
| Amount: | $152,800
|
| Maturity: | Jan. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 144% of index return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in index from its initial level
|
| Initial level: | 1,017.974
|
| Trigger level: | 763.481, 75% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agent: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40434K222
|
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