New Issue: HSBC sells $1.35 million capped buffer gears tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., July 10 – HSBC USA Inc. priced $1.35 million of 0% capped buffer gears due Dec. 31, 2019 linked to the lesser performing of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 15.1%.

Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline beyond 10%.

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

Issuer:	HSBC USA Inc.
Issue:	Capped buffer gears
Underlying index:	Russell 2000
Amount:	$1,349,000
Maturity:	Dec. 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at 15.1%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	1,668.527
Downside threshold:	1,501.674, 90% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	None
Cusip:	40435X207

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