New Issue: HSBC sells $3.59 million leveraged market-linked notes tied to S&P 500

By Susanna Moon

Chicago, July 17 – HSBC USA Inc. priced $3.59 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due July 6, 2022 linked 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 150% of any index gain, up to a maximum return of 48%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. and Wells Fargo Securities LLC are the agents.

Issuer:	HSBC USA Inc.
Issue:	Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	S&P 500
Amount:	$3,586,000
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, return capped at 48%; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial index level:	2,423.41
Pricing date:	June 30
Settlement date:	July 6
Agent:	HSBC Securities (USA) Inc. Wells Fargo Securities LLC
Fees:	4%
Cusip:	40433U7A8

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