New Issue: HSBC prices $3.16 million buffered uncapped market participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – HSBC USA Inc. priced $3.16 million of 0% buffered uncapped market participation securities due Oct. 26, 2021 tied to the S&P 500 Index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 100% of the index return. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$3,156,000
Maturity:	Oct. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 100% of the index return; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
Initial index level:	2,159.93
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriters:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40433UWJ1

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