New Issue: HSBC sells $25,000 contingent buffered notes on Nadaq-100

By Kiku Steinfeld

Chicago, July 26 – HSBC USA Inc. priced $25,000 of 0% contingent buffered notes due June 16, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its knock-out buffer level, 80% of its initial level, the payout at maturity will be $1,066 for every $1,000 principal amount of notes.

Otherwise, investors will be exposed to the losses of the index.

HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC as the placement agent.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying index:	Nasdaq-100 index
Amount:	$25,000
Maturity:	June 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the knock-out buffer level, $1,066 for every $1,000 principal amount of notes; otherwise, exposure to index’s losses
Initial level:	13,686.51
Knock-out buffer level:	80% of initial level
Pricing date:	May 28
Settlement date:	June 3
Agents:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1%
Cusip:	40439JBN4

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