New Issue: HSBC sells $30,000 buffered AMPS linked to iShares MSCI EM ETF

By Kiku Steinfeld

Chicago, Aug. 17 – HSBC USA Inc. priced $30,000 of 0% buffered accelerated market participation securities due Jan. 31, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, capped at par plus 12%.

Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$30,000
Maturity:	Jan. 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF return is positive, par plus 150% of the ETF return, capped at par plus 12%; par if the ETF falls by 10% or less; 1% loss for every 1% decline beyond the 10% buffer
Initial ETF level:	$43.45
Buffer:	90% of initial level
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40438CNG2

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