New Issue: HSBC sells $237,000 buffered uncapped market participation securities on MSCI EAFE

By Sarah Lizee

Olympia, Wash., Jan. 28 – HSBC USA Inc. priced $237,000 of 0% buffered uncapped market participation securities due Jan. 31, 2023 tied to the MSCI EAFE 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 plus 1.075 times the index return. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	MSCI EAFE
Amount:	$237,000
Maturity:	Jan. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.075 times the index return; par if index falls by up to 20%; 1% loss for every 1% decline in index beyond 20%
Initial index level:	2,044.92
Buffer level:	80% of initial level
Pricing date:	Jan. 24
Settlement date:	Jan. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UW91

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