New Issue: HSBC prices $625,000 barrier enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 2 – HSBC USA Inc. priced $625,000 of 0% barrier enhanced participation notes due May 29, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 130% of the index return. Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial index level if the index falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying index:	S&P 500
Amount:	$625,000
Maturity:	May 29, 202
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus 130% of index return; par if index falls by up to 25%; full exposure to losses from initial index level if index falls by more than 25%
Initial index level:	2,204.72
Pricing date:	Nov. 23
Settlement date:	Nov. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40433UZQ2

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