New Issue: HSBC sells $780,000 4.51% buffered fixed-rate notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., Aug. 7 – HSBC USA Inc. priced $780,000 of buffered fixed-rate notes due July 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes carry a coupon of 4.51%. Interest is payable quarterly.

The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered fixed-rate notes
Underlying index:	Russell 2000
Amount:	$780,000
Maturity:	July 31, 2024
Coupon:	4.51%, payable quarterly
Price:	Par
Payout at maturity:	Par unless index declines by more than 15%, in which case exposure to losses beyond the buffer
Initial level:	1,442.279
Pricing date:	July 26
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FCA3

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