New Issue: HSBC prices $580,000 leveraged contingent buffered enhanced notes linked to AMD

By William Gullotti

Buffalo, N.Y., Aug. 5 – HSBC USA Inc. priced $580,000 of 0% leveraged contingent buffered enhanced notes due June 22, 2022 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above 80% of its initial share price, the payout at maturity will be par plus 200% of any positive stock return, subject to a maximum return of par plus 29.1%.

If the stock declines below the buffer, investors will be fully exposed to the stock’s decline from its initial level.

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

Issuer:	HSBC USA Inc.
Issue:	Leveraged contingent buffered enhanced notes
Underlying stock:	Advanced Micro Devices, Inc.
Amount:	$580,000
Maturity:	June 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final share price is greater than or equal to 80% of the initial level, par plus 200% of any positive stock return, subject to a maximum return of par plus 29.1%; otherwise, 1% loss for every 1% that stock declines from initial share price
Initial share price:	$81.58
Knock-out buffer:	80%
Pricing date:	June 4
Settlement date:	June 9
Underwriter:	HSBC Securities (USA) Inc.
Agents:	JPMorgan Chase Bank NA and J.P. Morgan Securities LLC
Fees:	1%
Cusip:	40439JCV5

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