New Issue: HSBC sells $50,000 contingent buffered notes linked to S&P 500

By Marisa Wong

Los Angeles, April 24 – HSBC USA Inc. priced $50,000 of 0% contingent buffered notes due April 23, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 10.2% unless the index falls by more than 20%, in which case the payout will be par plus the index return with full exposure to losses.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying index:	S&P 500 index
Amount:	$50,000
Maturity:	April 23, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.2% unless the index falls by more than 20%, in which case par plus the index return with full exposure to losses
Initial level:	2,659.41
Final level:	Average of index closing levels for five trading days ending April 20, 2021
Strike date:	April 7
Pricing date:	April 8
Settlement date:	April 14
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	40438CDV0

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