New Issue: HSBC sells $361,000 barrier enhanced participation notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Aug. 7 – HSBC USA Inc. priced $361,000 of 0% barrier enhanced participation notes due Jan. 31, 2022 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 112% of the gain of the worse performing index.

Investors will receive par if each index falls by no more than 20% and will be fully exposed to any losses of the worse performing index if it finishes below the 80% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$361,000
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.12 times any gain of the lesser performing index; par if worse performing index falls by up to 20%; 1% loss per 1% decline of worse performing index if it falls by more than 20%
Initial index levels:	3,218.44 for S&P, 1,469.755 for Russell
Barrier levels:	80% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40435UJA3

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