New Issue: HSBC prices $1.09 million buffered uncapped market notes on index basket

By Jennifer Chiou

New York, Feb. 23 – HSBC USA Inc. priced $1,093,000 of 0% buffered uncapped market participation securities due Feb. 25, 2020 linked to equal weights of the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 times any gain in the basket.

Investors will receive par if the basket falls by up to 17% and will lose 1% for every 1% decline beyond 17%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying indexes:	S&P 500, Euro Stoxx 50 and Hang Seng China Enterprises, equally weighted
Amount:	$1,093,000
Maturity date:	Feb. 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any basket gain; par if basket falls by up to 17%; 1% loss for every 1% drop beyond 17%
Initial levels:	2,110.30 for S&P 500, 3,490.53 for Euro Stoxx 50 and 12,041.49 for Hang Seng China Enterprises
Pricing date:	Feb. 20
Settlement date:	Feb. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433BYU6

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