New Issue: HSBC prices $646,000 leveraged buffered notes linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., Jan. 27 – HSBC USA Inc. priced $646,000 of 0% leveraged buffered uncapped market participation securities due Jan. 28, 2020 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 120% of the index return. Investors will receive par if the index falls by 16% or less and will lose 1% for every 1% that the index declines beyond 16%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	Hang Seng China Enterprises
Amount:	$646,000
Maturity:	Jan. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any index gain; par if index falls by up to 16%; 1% loss for every 1% that index declines beyond 16%
Initial index level:	12,260.06
Pricing date:	Jan. 23
Settlement date:	Jan. 28
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40433BXM5

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