New Issue: HSBC sells $11.01 million of leveraged capped notes linked to S&P 500

By Kiku Steinfeld

Chicago, Sept. 8 – HSBC USA Inc. priced $11.01 million of leveraged capped notes due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

f the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum payment of $ $1,151.50 per $1,000 of notes.

Investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged capped notes
Underlying index:	S&P 500
Amount:	$11,007,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus triple any index gain, capped at 15.15%; 1% loss for every 1% drop
Initial level:	3,508.01
Pricing date:	Aug. 28
Settlement date:	Sept. 4
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.8%
Cusip:	40438CTY7

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