New Issue: HSBC sells $1 million 4.05% seven-year buffered notes linked to S&P 500

By Susanna Moon

Chicago, Sept. 25 – HSBC USA Inc. priced $1 million of 4.05% buffered notes with fixed annual coupon due Sept. 28, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually.

The payout at maturity will be par unless the index falls by more than the 30% buffer, in which case investors will lose 1% for every 1% decline beyond 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes with fixed annual coupon
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Sept. 28, 2022
Coupon:	4.05%, payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 30%, in which case investors will lose 1% for every 1% decline beyond 30%
Initial level:	1,938.76
Pricing date:	Sept. 23
Settlement date:	Sept. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UAL0

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