New Issue: HSBC sells $733,000 leveraged buffered capped notes on MSCI EAFE

By Wendy Van Sickle

Columbus, Ohio, Aug. 1 – HSBC USA Inc. priced $733,000 of 0% leveraged buffered capped notes due May 19, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,273.15 per $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond 12.5%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	MSCI EAFE index
Amount:	$733,000
Maturity:	May 19, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum settlement amount of $1,273.15 per $1,000 principal amount; par if index declines by 12.5% or less; 1.1429% loss for every 1% that index declines beyond 12.5%
Initial level:	1,925.54
Pricing date:	July 24
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435USX3

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