New Issue: HSBC prices $298,000 buffered uncapped market participation securities on NYSE FANG+

By Devika Patel

Knoxville, Tenn., Dec. 31 – HSBC USA Inc. priced $298,000 of 0% buffered uncapped market participation securities due June 27, 2022 tied to the NYSE FANG+ 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 double the index return. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	NYSE FANG+
Amount:	$298,000
Maturity:	June 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus double the index return; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial index level:	3,088.571
Pricing date:	Dec. 20
Settlement date:	Dec. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40435UQ80

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