New Issue: HSBC prices $421,000 leveraged buffered market participation notes on indexes

By Wendy Van Sickle

Columbus, Ohio, July 28 – HSBC USA Inc. priced $421,000 of 0% leveraged buffered uncapped market participation securities due July 28, 2023 linked to the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 110% of any gain in the least performing index.

Investors will receive par if the least performing index falls by up to 12% and will lose 1% for every 1% decline beyond 12%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	Dow Jones industrial average, S&P 500 index and Russell 2000 index
Amount:	$421,000
Maturity date:	July 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any gain in least performing index; par if least performing falls by up to 12%; 1% loss for every 1% drop beyond 12%
Initial levels:	3,235.66 for S&P, 1,490.203 for Russell and 26,652.33 for Dow
Buffer levels:	88% of initial levels
Pricing date:	July 23
Settlement date:	July 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.7%
Cusip:	40438CQW4

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