By Angela McDaniels
Tacoma, Wash., Oct. 28 – HSBC USA Inc. priced $2.09 million of 0% allocation securities due Oct. 29, 2021 linked to a basket of the SPDR S&P 500 ETF trust, the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The best performing of the ETFs will be given a 60% weight in the basket, the ETF with the second-best performance will be weighted at 40%, and the lowest-performing ETF will not count toward the basket performance.
The payout at maturity will be par of $10 plus the basket return. The notes are not principal protected, so investors will receive less than par if that basket return is negative.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Allocation securities
|
| Underlying ETFs: SPDR S&P 500 ETF trust, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF; best-performing ETF will be given 60% weight in basket, and second best-performing ETF will be weighted at 40%
|
| Amount: | $2,091,500
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus basket return; notes are not principal protected
|
| Initial share prices: | $213.74 for SPDR S&P 500, $57.88 for iShares MSCI EAFE and $37.40 for iShares MSCI EM
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 3.25%
|
| Cusip: | 40435B551
|
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