New Issue: HSBC prices $5.6 million leveraged capped notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 16 – HSBC USA Inc. priced $5.6 million of 0% leveraged capped index-linked notes due Nov. 15, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus triple the index gain, subject to a maximum payout of $1,252.60 per $1,000 principal amount.

Investors will lose 1% for every 1% decline from initial index level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged capped index-linked notes
Underlying index:	S&P 500
Amount:	$5,603,000
Maturity:	Nov. 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at par plus 25.62%; 1% loss for every 1% decline from initial level
Initial level:	4,468.73
Pricing date:	Sept. 13
Settlement date:	Sept. 20
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40439JMH5

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