New Issue: HSBC prices $32.02 million leveraged notes linked to Dow

By Angela McDaniels

Tacoma, Wash., June 30 – HSBC USA Inc. priced $32.02 million of 0% Leveraged Index Return Notes due June 26, 2020 linked to the Dow Jones industrial average, 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 112% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$32,023,070
Maturity:	June 26, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 112% of index return; par if index declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
Initial index level:	17,890.36
Final index level:	Average of index’s closing levels on five trading days ending June 23, 2020
Pricing date:	June 25
Settlement date:	July 2
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434G221

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