New Issue: HSBC sells $1.05 million leveraged buffered market participation notes on indexes

By Kiku Steinfeld

Chicago, Aug. 11 – HSBC USA Inc. priced $1.05 million of 0% leveraged buffered uncapped market participation securities due Aug. 5, 2022 linked to the Dow Jones industrial average, the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 160% of any gain in the least performing index.

Investors will receive par if the least performing index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying indexes:	Dow Jones industrial average, S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:	$1.05 million
Maturity date:	Aug. 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any gain in least performing index; par if least performing index falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial levels:	3,327.77 for S&P, 1,546.237 for Russell, 11,125.44 for Nasdaq and 27,201.52 for Dow
Buffer levels:	90% of initial levels
Pricing date:	Aug. 5
Settlement date:	Aug. 10
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40438CSV4

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