New Issue: HSBC prices $31.15 million Leveraged Index Return Notes linked to Dow

By Angela McDaniels

Tacoma, Wash., July 28 – HSBC USA Inc. priced $31.15 million of 0% Leveraged Index Return Notes due July 26, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 108.15% of any index gain. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$31,145,270
Maturity:	July 26, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 108.15% of any index gain; par if index falls by up to 20%; 1% loss for every 1% that index falls beyond 20%
Initial index level:	17,083.80
Threshold level:	13,667.04, 80% of initial level
Final index level:	Average of index's closing levels on five trading days ending July 23, 2019
Pricing date:	July 24
Settlement date:	July 31
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434C345

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