New Issue: HSBC sells $723,000 barrier enhanced notes tied to iShares MSCI EAFE

By Susanna Moon

Chicago, Oct. 19 – HSBC USA Inc. priced $723,000 of 0% barrier enhanced return notes due Oct. 2, 2023 linked to the iShares MSCI EAFE Index ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.58 times any fund gain.

Investors will receive par if the fund falls by up to 45% and will lose 1% for each 1% decline if the fund finishes below its 55% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced return notes
Underlying fund:	iShares MSCI EAFE Index ETF
Amount:	$723,000
Maturity:	Oct. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 158% of any fund gain; par if fund declines by up to 45%; otherwise, 1% loss per 1% drop
Initial level:	$68.69
Barrier level:	55% of initial level
Pricing date:	Sept. 26
Settlement date:	Oct. 1
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435F5F0

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