New Issue: HSBC sells $519,000 leveraged buffered uncapped notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 24 – HSBC USA Inc. priced $519,000 of 0% leveraged buffered uncapped market participation securities due Aug. 25, 2023 tied to the least performing of the S&P 500 index, the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index gains, the payout at maturity will be par plus 1.55 times its return.

Investors will receive par if the least-performing index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$519,000
Maturity:	Aug. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.55 times any least-performing index gain; par if least-performing index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial levels:	3,385.51 for S&P 500, 1,564.301 for Russell, 27,739.73 for Dow, 11,477.05 for Nasdaq
Pricing date:	Aug. 20
Settlement date:	Aug. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40438CTQ4

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