New Issue: HSBC prices $300,000 buffered return enhanced notes linked to Hang Seng China

By Angela McDaniels

Tacoma, Wash., Feb. 5 – HSBC USA Inc. priced $300,000 of 0% buffered return enhanced notes due Feb. 3, 2021 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 29.4%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it might decline beyond 20%.

HSBC Securities (USA) Inc. is the underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are placement agents.

Issuer:	HSBC USA Inc.
Issue:	Buffered return enhanced notes
Underlying index:	Hang Seng China Enterprises index
Amount:	$300,000
Maturity:	Feb. 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus 200% of index return, subject to maximum return of 29.4%; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	11,063.94
Final index level:	Average of index’s closing levels on five trading days ending Jan. 29,2021
Pricing date:	Feb. 1
Settlement date:	Feb. 6
Underwriter:	HSBC Securities (USA) Inc.
Agents:	JPMorgan Chase Bank NA and J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	40435UGB4

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