New Issue: HSBC prices $19.83 million Mitts linked to S&P 500

By Marisa Wong

Madison, Wis., March 3 - HSBC USA Inc. priced $19.83 million of 0% Market Index Target-Term Securities due Feb. 26, 2021 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 of $10 plus the lesser of the index return and 66.1%. If the index return is zero or negative, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market Index Target-Term Securities
Underlying index:	S&P 500
Amount:	$19,830,590
Maturity:	Feb. 26, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus index return, subject to minimum payout of par and maximum payout of 166.1% of par
Initial index level:	1,854.29
Final index level:	Average of index's closing levels on five trading days ending Feb. 23, 2021
Pricing date:	Feb. 27
Settlement date:	March 6
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434B370

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