New Issue: HSBC sells $190,000 leveraged market-linked notes tied to the Dow

By Marisa Wong

Morgantown, W.Va., July 20 – HSBC USA Inc. priced $190,000 of 0% market-linked securities with leveraged upside participation and contingent downside due July 5, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.23 times any index gain. If the index finishes flat or falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to the index decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market-linked securities – leveraged upside participation and contingent downside
Underlying index:	Dow Jones industrial average
Amount:	$190,000
Maturity:	July 5, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.23 times any index gain; if index finishes flat or falls by up to 30%, par; otherwise, investors will be fully exposed to the index decline
Initial index level:	21,287.03
Threshold level:	14,900.921, 70% of initial level
Pricing date:	June 29
Settlement date:	July 5
Agent:	HSBC Securities (USA) Inc.
Fees:	4.35%
Cusip:	40433U7B6

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