New Issue: HSBC prices $36.29 million capped Leveraged Index Return Notes on S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 29 – HSBC USA Inc. priced $36.29 million of 0% capped Leveraged Index Return Notes due Jan. 26, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout of par plus 18.32%.

Investors will receive par if the index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$36,287,270
Maturity:	Jan. 26, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 18.32%; par if index declines by 5% or less; 1% loss for every 1% that index declines beyond 5%
Initial level:	4,003.58
Threshold level:	3,803.4; 95% of initial level
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40439N171

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