New Issue: HSBC sells $1.21 million buffered market participation notes on MSCI EM

By Marisa Wong

Los Angeles, Oct. 5 – HSBC USA Inc. priced $1.21 million of 0% Buffered Market Participation Securities due Sept. 26, 2022 tied to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 18.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Market Participation Securities
Underlying index:	MSCI Emerging Markets index
Amount:	$1,212,000
Maturity:	Sept. 26, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 18.5%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial value:	1,082.87
Pricing date:	Sept. 22
Settlement date:	Sept. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40438CXC0

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