New Issue: HSBC prices $25.89 million Leveraged Index Return Notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Sept. 29 – HSBC USA Inc. priced $25.89 million of 0% Leveraged Index Return Notes due Sept. 27, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 107% of any index gain. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$25,886,550
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 107% of any index gain; par if index falls by up to 20%; 1% loss for every 1% that index falls beyond 20%
Initial index level:	16,945.80
Threshold level:	13,556.64, 80% of initial level
Final index level: Average of index's closing levels on five trading days ending Sept. 24, 2019
Pricing date:	Sept. 25
Settlement date:	Oct. 2
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434CD756

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