New Issue: HSBC prices $10.23 million leveraged capped notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – HSBC USA Inc. priced $10.23 million of 0% leveraged capped index-linked notes due Feb. 5, 2024 linked to the Russell 2000 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 $1,297 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:	Russell 2000
Amount:	$10,225,000
Maturity:	Feb. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus three times any index gain, capped at par plus 29.7%; 1% loss for every 1% decline from initial level
Initial level:	1,839.141
Pricing date:	Nov. 21
Settlement date:	Nov. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	1.21%
Cusip:	40441XVJ6

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