New Issue: HSBC prices $27.83 million Mitts linked to the Dow

By Toni Weeks

San Luis Obispo, Calif., April 1 - HSBC USA Inc. priced $27.83 million of 0% Market Index Target-Term Securities due March 26, 2021 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 index return, up to a maximum return of 78.05%. If the index return is zero or negative, the payout will be par.

The final value will be the average of the closing index values on five trading days ending March 23, 2021.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market Index Target-Term Securities
Underlying index:	Dow Jones industrial average
Amount:	$27,828,080
Maturity:	March 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus index return, subject to maximum return of 78.05% and minimum payout of par
Initial index level:	16,264.23
Final index level:	Average of index's closing levels on the five trading days ending March 23, 2021
Pricing date:	March 27
Settlement date:	April 3
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434B131

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