New Issue: HSBC prices $765,000 buffered uncapped notes linked to Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – HSBC USA Inc. priced $765,000 of 0% buffered uncapped market participation securities due Aug. 31, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 100% of the index return. Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000
Amount:	$765,000
Maturity:	Aug. 31, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 100% of any index gain; par if index falls by up to 20%; 1% loss for every 1% that index declines beyond 20%
Initial index level:	1,238.031
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433USL1

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