New Issue: HSBC prices $15 million performance notes linked to index basket

By Marisa Wong

Madison, Wis., Dec. 1 – HSBC USA Inc. priced $15 million of 0% performance notes due Dec. 4, 2023 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 96.4% of the basket return.

If the basket return is zero or negative, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Performance notes
Underlying indexes:	S&P 500 index (55% weight), MSCI EAFE index (30% weight) and Russell 2000 index (15% weight)
Amount:	$15 million
Maturity:	Dec. 4, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If basket return is positive, par plus 96.4% of basket gain; if basket return is zero or negative, par
Initial index levels:	2,072.83 for S&P, 1,190.624 for Russell and 1,848.79 for MSCI EAFE
Pricing date:	Nov. 26
Settlement date:	Dec. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.1%
Cusip:	40433BUB2

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