New Issue: HSBC prices $297,000 contingent income barrier notes linked to S&P 500

By Susanna Moon

Chicago, June 27 - HSBC USA Inc. priced $297,000 of contingent income barrier notes due June 28, 2023 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 7% if the index closes at or above the 75% coupon barrier level on the determination date for that month.

If the index finishes at or above the 55% barrier level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent income barrier notes
Underlying index:	S&P 500 index
Amount:	$297,000
Maturity:	June 28, 2023
Coupon:	7%, payable monthly if index closes at or above trigger level on determination date for that month
Price:	Par
Payout at maturity:	If index finishes at or above 55% barrier level, par; otherwise, full exposure to any losses
Initial level:	1,588.03
Trigger level:	1,191.02, 75% of initial level
Barrier level:	55% of initial level
Pricing date:	June 25
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40432XGV7

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