New Issue: HSBC prices $1.29 million buffered uncapped securities linked to iShares MSCI ACWI

By Angela McDaniels

Tacoma, Wash., Nov. 13 – HSBC USA Inc. priced $1.29 million of 0% buffered uncapped market participation securities due Nov. 16, 2020 linked to the iShares MSCI ACWI exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus the ETF return. Investors will receive par if the ETF falls by 40% or less and will lose 1% for every 1% that the ETF declines beyond 40%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying ETF:	iShares MSCI ACWI ETF
Amount:	$1,288,000
Maturity:	Nov. 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any ETF gain; par if ETF falls by up to 40%; 1% loss for every 1% that ETF declines beyond 40%
Initial share price:	$57.80
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	40433UDD5

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