New Issue: HSBC prices $1.78 million leveraged buffered uncapped market notes on Stoxx 50

By Susanna Moon

Chicago, Dec. 28 – HSBC USA Inc. priced $1.78 million of 0% leveraged buffered uncapped market participation securities due Jan. 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.46 times any index gain.

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

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	Euro Stoxx 50
Amount:	$1,781,000
Maturity:	Jan. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.46 times any index gain; par if index falls by up to 25%; 1% loss per 1% drop beyond 25%
Initial level:	3,273.97
Pricing date:	Dec. 23
Settlement date:	Dec. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40433UA97

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