New Issue: HSBC sells $75,000 contingent buffered notes on Lam Research

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – HSBC USA Inc. priced $75,000 of 0% contingent buffered notes due July 7, 2022 linked to the shares of Lam Research Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock’s final level is greater than or equal to its knock-out buffer level, 80% of its initial level, the payout at maturity will be par plus the stock return, subject to a 0% floor and a 36% cap.

Otherwise, investors will be exposed to the losses of the stock.

HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as the placement agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying stock:	Lam Research Corp.
Amount:	$75,000
Maturity:	July 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final stock level is greater than or equal to knock-out buffer level, par plus stock return, subject to a 0% floor and a 36% cap; otherwise, exposure to stock’s losses
Initial level:	$612.66
Knock-out buffer level:	80% of initial level
Pricing date:	June 18
Settlement date:	June 23
Agents:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1%
Cusip:	40439JDR3

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