New Issue: HSBC prices $797,000 barrier enhanced participation notes linked to energy fund

By Angela McDaniels

Tacoma, Wash., May 28 – HSBC USA Inc. priced $797,000 of 0% barrier enhanced participation notes due June 1, 2020 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any fund gain. Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses from the initial level if the fund falls by more than 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying ETF:	Energy Select Sector SPDR Fund
Amount:	$797,000
Maturity:	June 1, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any fund gain; par if fund falls by up to 20%; full exposure to losses from initial level if fund falls by more than 20%
Initial share price:	$80.20
Pricing date:	May 22
Settlement date:	June 1
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433BR59

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