New Issue: HSBC sells $1.14 million buffered uncapped market notes on Russell 2000

By Marisa Wong

Madison, Wis., June 1 – HSBC USA Inc. priced $1.14 million of 0% buffered uncapped market participation securities due May 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the index.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	Russell 2000
Amount:	$1,137,000
Maturity date:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
Initial index level:	1,238.756
Buffer level:	85% of initial level
Pricing date:	May 26
Settlement date:	May 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.95%
Cusip:	40433BQ43

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