New Issue: HSBC sells $1.87 million five-year market-linked notes tied to the Dow

By Marisa Wong

Morgantown, W.Va., Sept. 11 – HSBC USA Inc. priced $1.87 million of 0% market-linked securities with upside participation and contingent downside due Sept. 6, 2022 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 plus any index gain. If the index finishes flat or falls by up to 43%, the payout will be par.

Otherwise, investors will be fully exposed to the index decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market-linked securities – upside participation and contingent downside
Underlying index:	Dow Jones industrial average
Amount:	$1,868,000
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; if index finishes flat or falls by up to 43%, par; otherwise, investors will be fully exposed to the index decline
Initial index level:	21,892.43
Threshold level:	12,478.6851, 57% of initial level
Pricing date:	Aug. 30
Settlement date:	Sept. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	3.72%
Cusip:	40435FEF0

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