New Issue: HSBC sells $572,000 five-year buffered uncapped notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Jan. 28 – HSBC USA Inc. priced $572,000 of 0% buffered uncapped market participation securities due Jan. 29, 2021 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 plus the index gain.

Investors will receive par if the index declines by up to the 15% buffer and will lose 1% for every 1% that it declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000
Amount:	$572,000
Maturity:	Jan. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus gain; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
Initial level:	1,017.974
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3.125%
Cusip:	40433UFR2

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