New Issue: HSBC prices $3.69 million buffered accelerated notes tied to Euro Stoxx

By Sarah Lizee

Olympia, Wash., May 29 – HSBC USA Inc. priced $3.69 million of 0% buffered accelerated market participation securities due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 42.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	Euro Stoxx 50
Amount:	$3,692,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus triple any index gain, subject to maximum return of 42.5%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	3,521.76
Pricing date:	May 24
Settlement date:	May 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.2525%
Cusip:	40435FZK6

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