New Issue: HSBC prices $789,000 barrier enhanced participation notes linked to EAFE ETF

By Angela McDaniels

Tacoma, Wash., Dec. 1 – HSBC USA Inc. priced $789,000 of 0% barrier enhanced participation notes due Dec. 1, 2022 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus 140% of the ETF return. Investors will receive par if the ETF falls by up to 50% and will be fully exposed to losses from the initial share price if the ETF falls by more than 50%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying ETF:	iShares MSCI EAFE
Amount:	$789,000
Maturity:	Dec. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than zero, par plus 140% of ETF return; par if ETF falls by up to 50%; full exposure to losses from initial share price if ETF falls by more than 50%
Initial share price:	$69.92
Pricing date:	Nov. 27
Trade date:	Nov. 28
Settlement date:	Dec. 1
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FNQ6

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