HSBC plans allocation securities linked to basket of three funds

By Susanna Moon

Chicago, Jan. 11 – HSBC USA Inc. plans 0% allocation securities due Jan. 31, 2022 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 fund will be weighted at least 75% in the basket, and the fund with the second-best return will be weighted at most 25%. The fund with the lowest return will have 0% weighting.

The payout at maturity will be par of $10 plus any basket gain.

Investors will be exposed to any losses.

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

The notes will price on Jan. 26.

The Cusip number is 40435C724.

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