New Issue: HSBC prices $4.54 million 1% buffered income securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 19 – HSBC USA Inc. priced $4.54 million of 1% buffered income securities with upside participation due July 20, 2021 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 plus 150% of any gain in the index, subject to a maximum payout of $14.90 per $10.00 principal amount of notes. If the index declines by up to 15%, the payout will be par. Investors will be exposed to any loss in the index beyond 15%.

HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Wealth Management is distributor.

Issuer:	HSBC USA Inc.
Issue:	Buffered income securities with upside participation
Underlying index:	S&P 500
Amount:	$4,539,00
Maturity:	July 20, 2021
Coupon:	1%, payable annually
Price:	Par
Payout at maturity:	Par plus 150% of any gain in index, subject to 49% maximum return; par If index declines by up to 15%; 1% loss for every 1% that index may decline beyond 15%
Initial index level:	2,161.74
Pricing date:	July 15
Settlement date:	July 20
Agent:	HSBC Securities (USA) Inc.
Distributor:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	40434V525

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