New Issue: HSBC prices $6.68 million buffered PLUS linked to Topix

By Wendy Van Sickle

Columbus, Ohio, Dec. 12 – HSBC USA Inc. priced $6.68 million of 0% buffered Performance Leveraged Upside Securities due Dec. 2, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 22%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as a dealer.

Issuer:	HSBC USA Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Topix
Amount:	$6,684,150
Maturity:	Dec. 2, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 22% maximum return; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
Initial level:	1,699.36
Pricing date:	Nov. 29
Settlement date:	Dec. 4
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as a dealer
Fees:	2.5%
Cusip:	40438B657

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