New Issue: HSBC sells $1.69 million leveraged buffered capped notes on S&P 500

By William Gullotti

Buffalo, N.Y., May 9 – HSBC USA Inc. priced $1.69 million of 0% leveraged buffered capped notes due June 26, 2024 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 1.6 times the index gain, capped at $1,292.80 per $1,000 principal amount.

Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	S&P 500
Amount:	$1,694,000
Maturity:	June 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.6 times any index gain, capped at $1,292.80 per $1,000 principal amount; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	4,183.96
Pricing date:	April 27
Settlement date:	May 4
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40439JZ40

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