New Issue: HSBC sells $568,000 buffered uncapped market notes tied to index basket

By Marisa Wong

Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $568,000 of 0% buffered uncapped market participation securities due Nov. 30, 2020 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying components are the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index.

The payout at maturity will be par plus 1.05 times any basket gain.

Investors will receive par if the basket falls by 20% or less and will lose 1% for every 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying indexes:	Russell 2000, S&P 500, Euro Stoxx 50, equally weighted
Amount:	$568,000
Maturity date:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.05 times any basket gain; par if basket falls by up to 20%; 1% loss for every 1% drop beyond 20%
Initial levels:	1,188.814 for Russell, 2,089.14 for S&P 500 and 3,409.60 for Euro Stoxx
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433UDB9

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