New Issue: HSBC prices $3 million 5.15% buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 1 - HSBC USA Inc. priced $3 million of 5.15% buffered notes due Oct. 2, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

If the final index return is greater than or equal to negative 40%, the payout at maturity will be par. Otherwise, investors will lose 1.6667% for every 1% that the index declines beyond 40%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Oct. 2, 2023
Coupon:	5.15%, payable semiannually
Price:	Par
Payout at maturity:	If final return is greater than or equal to negative 40%, par; otherwise, 1.6667% loss for every 1% that index declines beyond 40%
Initial level:	1,691.75
Pricing date:	Sept. 27
Settlement date:	Oct. 2
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XLC3

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