New Issue: HSBC prices $21.41 million autocallable leveraged buffered notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 28 – HSBC USA Inc. priced $21.41 million of 0% autocallable leveraged buffered notes due July 26, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 9.12% if the index closes at or above its initial level on July 30, 2021.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Autocallable leveraged buffered notes
Underlying index:	Euro Stoxx 50
Amount:	$21,412,000
Maturity:	July 26, 2022
Coupon:	0%
Price:	Par
Call:	At par plus 9.12% if index closes at or above 90% of initial level on July 30, 2021
Payout at maturity:	If the index return is positive, par plus 1.5 times the index return; par if the index declines by 10% or less; otherwise, 1.1111% loss for every 1% index decline beyond 10%
Initial level:	3,370.76
Buffer level:	3,033.684, 90% of initial level
Pricing date:	July 22
Settlement date:	July 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.73%
Cusip:	40438CQU8

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