New Issue: HSBC prices $22.43 million Leveraged Index Return Notes on Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., June 2 – HSBC USA Inc. priced $22.43 million of 0% Leveraged Index Return Notes due May 29, 2020 tied to the Euro Stoxx 50 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 114% of the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.

The final index level will be the average of the closing index levels on the five trading days ending May 26, 2020.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 Index
Amount:	$22,429,740
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 114% of index return; par if index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial index level:	3,650.71
Threshold level:	2,920.57, 80% of initial level
Pricing date:	May 28
Settlement date:	June 4
Underwriters:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434G379

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