New Issue: HSBC sells $255,000 buffered market participation notes on Financial Select

By Sarah Lizee

Olympia, Wash., July 16 – HSBC USA Inc. priced $255,000 of 0% buffered market participation securities due Oct. 17, 2019 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, up to a cap of par plus 11%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying ETF:	Financial Select Sector SPDR
Amount:	$255,000
Maturity:	Oct. 17, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus fund gain, capped at 11%; par if fund falls by up to 10%, otherwise 1% loss for each 1% decline beyond 10%
Initial level:	$27.10
Pricing date:	July 12
Settlement date:	July 17
Agent:	HSBC Securities (USA) Inc.
Fees:	1.275%
Cusip:	40435FH59

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