New Issue: HSBC prices $9.85 million capped Leveraged Index Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Aug. 31 – HSBC USA Inc. priced $9.85 million of 0% capped Leveraged Index Return Notes due Oct. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of par plus 11.2%.

Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	Russell 2000 index
Amount:	$9,851,700
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 11.2%; par if index declines by 5% or less; 1% loss for every 1% that index declines beyond 5%
Initial level:	2,213.979
Threshold level:	2,103.280; 95% of initial level
Pricing date:	Aug. 26
Settlement date:	Sept. 3
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40439K490

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