New Issue: HSBC prices $502,000 buffered uncapped market participation securities linked to Russell 2000

New York, Dec. 7 – HSBC USA Inc. priced $502,000 of 0% buffered uncapped market participation securities due Nov. 30, 2020 tied to the Russell 2000 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 100% of the index return. Investors will receive par if the index falls by up to 16% and lose 1% for every 1% decline in the index beyond 16%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000 Index
Amount:	$502,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 100% of the index return; par if index falls by up to 16%; 1% loss for every 1% decline in index beyond 16%
Initial index level:	1,188.814
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UCN4

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