New Issue: HSBC sells $3.56 million buffered coupon notes linked to Nasdaq-100

By Marisa Wong

Los Angeles, Sept. 8 – HSBC USA Inc. priced $3.56 million of 0% buffered coupon notes due Feb. 28, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout will be par plus 12.3%.

If the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered coupon notes
Underlying index:	Nasdaq-100 index
Amount:	$3,557,000
Maturity:	Feb. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above 90% of its initial level, par plus 12.3%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial index level:	11,971.94
Final level:	Average of index closing levels on each of the five trading dates ending Feb. 23, 2022
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40438CRD5

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