New Issue: HSBC prices $10.95 million enhanced trigger jump notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 17 – HSBC USA Inc. priced $10.95 million of 0% enhanced trigger jump securities due Sept. 20, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 70% of the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 32.5%. If the final index level is less than 70% of the initial index level, investors will be fully exposed to the index's decline from its initial level.

HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Smith Barney LLC is handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Enhanced trigger jump securities
Underlying index:	S&P 500
Amount:	$10,953,030
Maturity:	Sept. 20, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to trigger level, par plus greater of index return and 32.5%; if final index level is less than trigger level, full exposure to index's decline from initial level
Initial index level:	1,978.09
Trigger level:	1,384.66, 70% of initial level
Pricing date:	Sept. 15
Settlement date:	Sept. 18
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Smith Barney LLC
Fees:	3.5%
Cusip:	40434K883

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