New Issue: HSBC sells $437,000 of leveraged buffered uncapped notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., March 29 – HSBC USA Inc. priced $437,000 of 0% leveraged buffered uncapped market participation securities due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 110% of the index gain.

Investors will receive par if the index declines by up to 25% and will lose 1% for every 1% decline beyond the 25% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	Euro Stoxx 50
Amount:	$437,000
Maturity:	March 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 110% of gain; par if index falls by up to 25%; 1% loss for every 1% decline beyond 25%
Initial level:	2,986.73
Pricing date:	March 24
Settlement date:	March 31
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3.125%
Cusip:	40433UJD9

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