New Issue: HSBC prices $329,000 buffered uncapped notes linked to Russell 2000

By Marisa Wong

Madison, Wis., Feb. 24 – HSBC USA Inc. priced $329,000 of 0% buffered uncapped market participation securities due Feb. 25, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 13% or less and will lose 1% for every 1% that the index declines beyond 13%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000 index
Amount:	$329,000
Maturity:	Feb. 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 13%; 1% loss for every 1% that index declines beyond 13%
Initial level:	1,231.789
Pricing date:	Feb. 20
Settlement date:	Feb. 25
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40433BYT9

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