New Issue: HSBC prices $5.05 million buffered notes with fixed coupon on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 16 – HSBC USA Inc. priced $5.05 million of 6.75% buffered notes due July 14, 2021 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the least performing index return is greater than negative 20%, the payout at maturity will be par. Investors will lose 1.25% for every 1% decline of the least performing index beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$5.05 million
Maturity:	July 14, 2021
Coupon:	6.75%, payable monthly
Price:	Par
Payout at maturity:	If least performing index gains or falls by up to 20%, par; 1.25% loss for every 1% drop beyond buffer
Initial levels:	1,427.402 for Russell and 3,169.94 for S&P
Pricing date:	July 8
Settlement date:	July 14
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40438CQF1

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