New Issue: HSBC prices $2.37 million buffered leveraged tracker notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Feb. 21 - HSBC USA Inc. priced $2.37 million of 0% buffered leveraged tracker notes due Feb. 26, 2021 linked to the Euro Stoxx 50 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 160% of the index return. If the index return is less than or equal to zero but greater than or equal to negative 50%, the payout will be par. If the index return is less than negative 50%, investors will lose 2% for each 1% decline beyond 50%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered leveraged tracker notes
Underlying index:	Euro Stoxx 50
Amount:	$2.37 million
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 160% of index return; if index return is less than or equal to zero but greater than or equal to negative 50%, par; if index return is less than negative 50%, 2% loss for each 1% that index declines beyond 50%
Initial index level:	3,121.59
Trade date:	Feb. 19
Pricing date:	Feb. 20
Settlement date:	Feb. 26
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40432XS93

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