New Issue: HSBC prices $2.96 million buffered market participation notes tied to index, ETF basket

By Kiku Steinfeld

Chicago, Sept. 16 – HSBC USA Inc. priced $2.96 million of 0% buffered market participation securities due Sept. 14, 2022 linked to a basket consisting of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight.

The payout at maturity will be any basket gain up to a cap of 15%

Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underliers:	S&P 500 index with a 70% weight, Russell 2000 index with a 15% weight, iShares MSCI EAFE ETF with a 15% weight
Amount:	$2,963,000
Maturity:	Sept. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any basket gain capped at 15%; par if basket falls by up to 15%, otherwise full exposure to declines beyond 15%
Initial share prices:	3,398.96 for S&P 500, 1,526.480 for Russell 2000, $64.92 for EAFE
Pricing date:	Sept. 9
Settlement date:	Sept. 14
Agent:	HSBC Securities (USA) Inc.
Fees:	0.4%
Cusip:	40438CVD0

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