New Issue: HSBC prices $699,000 barrier enhanced participation notes on S&P

By Marisa Wong

Morgantown, W.Va., May 8 – HSBC USA Inc. priced $699,000 of 0% barrier enhanced participation notes due April 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 129% of the index gain. Investors will receive par if the index falls by up to 30% and will be fully exposed to declines from the initial index level if the index falls by more than 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying index:	S&P 500
Amount:	$699,000
Maturity:	April 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 129% of gain; par if index falls by up to 30%; full exposure to declines from initial index level if index falls by more than 30%
Initial level:	2,388.61
Pricing date:	April 25
Settlement date:	April 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40433U3B0

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