New Issue: HSBC sells $1.51 million capped buffer gears linked to Russell

By Kiku Steinfeld

Chicago, Oct. 2 – HSBC USA Inc. priced $1.51 million of 0% capped buffer gears due Aug. 31, 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 2 times any index gain, capped at par plus 17.14%.

Investors will receive par if the index finishes flat or falls by up to 10% of initial level and will lose 1% for every 1% decline beyond 10%.

UBS Financial Services Inc. is the agent and HSBC Securities (USA) Inc. is the distributor.

Issuer:	HSBC USA Inc.
Issue:	Capped buffer gears
Underlying index:	Russell 2000 index
Amount:	$1,506,300
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 17.4%; par if index finishes flat or falls by up to 10% of initial levels; 1% loss for every 1% decline beyond 10%
Initial level:	1,456.039
Downside threshold:	1,310.435, 90% of initial level
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agent:	UBS Financial Services Inc.
Distributor:	HSBC Securities (USA) Inc
Fees:	2%
Cusip:	40436B329

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