New Issue: HSBC sells $11.72 million of leveraged capped notes linked to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 24 – HSBC USA Inc. priced $11,718,000 of leveraged capped notes due March 24, 2022 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 triple the index return, subject to a maximum payment of $1,297.30 per $1,000 of notes.

Investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged capped notes
Underlying index:	S&P 500
Amount:	$11,718,000
Maturity:	March 24, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus triple any index gain, capped at 29.73%; 1% loss for every 1% drop
Initial level:	3,135.96
Pricing date:	Dec. 9
Settlement date:	Dec. 16
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UU77

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