New Issue: HSBC sells $1.02 million leveraged buffered capped notes on MSCI EAFE

By Kiku Steinfeld

Chicago, Dec. 19 – HSBC USA Inc. priced $1.02 million of 0% leveraged buffered capped index-linked notes due March 24, 2022 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 $1,282.30 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped index-linked notes
Underlying index:	MSCI EAFE index
Amount:	$1,019,000
Maturity:	March 24, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum settlement amount of $1,282.30 per $1,000 principal amount; par if index declines by 15% or less; 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	1,980.58
Buffer level:	85% of initial level
Pricing date:	Dec. 11
Settlement date:	Dec. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UU69

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