By Susanna Moon
Chicago, Oct. 18 – HSBC USA Inc. priced $1.15 million of 0% leveraged buffered uncapped market participation securities due Jan. 18, 2022 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 1.165 times any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1.3333% for each 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Leveraged buffered uncapped market participation securities
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| Underlying index: | S&P 500
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| Amount: | $1.15 million
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| Maturity: | Jan. 18, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.165 times any index gain; par if index falls by up to 25%; 1.3333% loss for each 1% decline beyond 25%
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| Initial level: | 2,555.24
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| Pricing date: | Oct. 11
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| Settlement date: | Oct. 16
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40435FHS9
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