New Issue: HSBC sells $752,000 dual directional buffered notes on Dow, Nasdaq

By Sarah Lizee

Olympia, Wash., Sept. 4 – HSBC USA Inc. priced $752,000 of 0% dual directional buffered notes due Sept. 6, 2022 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.075 times any gain of the least performing index.

If any index falls but the least performer declines by no more than the 10% buffer amount, then the payout at maturity will be par plus the absolute value of the return of the least performing index.

If the least performing index declines by more than 10%, then the payout will be par less the loss of that index beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Dow Jones industrial average and Nasdsaq-100 index
Amount:	$752,000
Maturity:	Sept. 6, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 1.075 times any gain of the least performing index; if any index falls but the least performer declines by no more than the buffer amount, par plus the absolute value of the return of the least performing index; if the least performing index declines by more than buffer level, par less the loss of that index beyond the buffer
Initial values:	12,110.7 for Nasdaq and	28,430.05 for Dow
Buffer levels:	90% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40438CRW3

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