New Issue: HSBC prices $3.68 million leveraged buffered notes tied to index, fund

By Susanna Moon

Chicago, Oct. 16 – HSBC USA Inc. priced $3.68 million of 0% leveraged buffered uncapped market participation securities due Oct. 6, 2022 tied to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus 2.75 times the gain of the worse performing index or fund.

If either component falls but by no more than 25%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of worse performing component beyond 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying asset:	Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:	$3,676,000
Maturity:	Oct. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each component gains, par plus 2.75 times the gain of worse performing index or fund; if either component falls up to 25%, par; otherwise, 1% loss per 1% decline of worse performing component beyond 25%
Initial level:	3,605.73 for Stoxx, $68.65 for EAFE fund
Pricing date:	Oct. 3
Settlement date:	Oct. 6
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40435FGF8

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