New Issue: HSBC sells $1.92 million leveraged buffered uncapped notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 12 – HSBC USA Inc. priced $1.92 million of 0% leveraged buffered uncapped market participation securities due May 13, 2024 tied to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.45 times any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 5% and will lose 1% for each 1% decline of the lesser performing index beyond 5%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,923,000
Maturity:	May 13, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.45 times any gain of lesser performing index; par if lesser performing index falls by up to 5%; 1% loss for each 1% decline of lesser performing index beyond 5%
Initial levels:	2,929.8 for S&P, 1,329.638 for Russell
Pricing date:	May 8
Settlement date:	May 13
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40438CGW5

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