New Issue: HSBC prices $2.77 million buffered uncapped market notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 22 – HSBC USA Inc. priced $2.77 million 0% buffered uncapped market participation securities due June 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 100% of any index gain.

Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond the 25% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500 Index
Amount:	$2,774,000
Maturity:	June 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 100% of the index return; par if index falls by up to 25%; 1% loss for every 1% decline in index beyond 25%
Initial index level:	2,071.22
Pricing date:	June 17
Settlement date:	June 24
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40433UNE2

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