New Issue: HSBC sells $7.59 million capped trigger gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., July 16 – HSBC USA Inc. priced $7.59 million of 0% capped trigger gears due June 30, 2021 linked to 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 28.8%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% downside threshold level.

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

Issuer:	HSBC USA Inc.
Issue:	Capped trigger gears
Underlying index:	Russell 2000
Amount:	$7,585,870
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at 28.8%; par if index falls by up to 25% and full exposure to any losses if index finishes below downside threshold
Initial level:	1,668.527
Downside threshold:	1,251.395, 75% of initial level
Pricing date:	June 26
Settlement date:	June 29
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40435X108

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