New Issue: HSBC prices $1.06 million five-year accelerated barrier notes linked to iShares Russell

By Susanna Moon

Chicago, July 22 – HSBC USA Inc. priced $1.06 million 0% accelerated barrier notes due July 22, 2020 linked to the iShares Russell 2000 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.29 times any fund gain.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated barrier notes
Underlying fund:	iShares Russell 2000 ETF
Amount:	$1,057,000
Maturity:	July 22, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 129% of any index gain; if index falls by up to 25%, par; otherwise, full exposure to any losses
Initial level:	125.76
Barrier level:	75% of initial level
Pricing date:	July 17
Settlement date:	July 22
Agent:	HSBC Securities (USA) Inc.
Fees:	3.35%
Cusip:	40433B4G0

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