New Issue: HSBC prices $2.78 million leveraged buffered uncapped notes tied to S&P

By Susanna Moon

Chicago, May 27 – HSBC USA Inc. priced $2.78 million of 0% leveraged buffered uncapped market participation securities due May 29, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$2,778,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any index gain; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
Initial level:	2,052.32
Barrier level:	80% of initial level
Pricing date:	May 20
Settlement date:	May 25
Underwriters:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UMW3

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