New Issue: HSBC prices $37.05 million Mitts tied to Dow Jones industrial average

By Jennifer Chiou

New York, Dec. 2 - HSBC USA Inc. priced $37,045,870 of 0% Market Index Target-Term Securities due Nov. 25, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the lesser of the index return and 64.75%. If the index return is zero or negative, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market Index Target-Term Securities
Underlying index:	Dow Jones industrial average
Amount:	$37,045,870
Maturity:	Nov. 25, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus index return, subject to minimum payout of par and maximum payout of 164.75% of par
Initial index level:	16,072.80
Final index level:	Average of index's closing levels on the five trading days ending Nov. 20, 2020
Pricing date:	Nov. 26
Settlement date:	Dec. 3
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434B867

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