New Issue: HSBC sells $3.85 million market-linked leveraged, buffered notes on Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – HSBC USA Inc. priced $3.85 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 6, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be double its gain up to a 70% maximum return.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% index decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Euro Stoxx 50
Amount:	$3,852,000
Maturity:	Dec. 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes above initial level, par plus double the gain, up to 70% maximum return; par if index falls by up to 20%; 1-to-1 exposure to any decline beyond 20%
Initial level:	3,569.93
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Underwriter:	HSBC Securities (USA) Inc.
Fees:	4%
Cusip:	40435FKA4

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