New Issue: HSBC prices $5 million market-linked notes due 2022 on index basket

By Jennifer Chiou

New York, June 13 – HSBC USA Inc. priced $5 million of market-linked notes due Dec. 16, 2022 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P MidCap 400 index and the Russell 1000 index, equally weighted.

The payout at maturity will be par plus any basket gain, capped at a maximum payout of $20 per $10 note.

If the basket falls, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market-linked notes
Underlying basket:	S&P MidCap 400 index (50% weight), Russell 1000 index (50% weight)
Amount:	$5 million
Maturity:	Dec. 16, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any basket gain, capped at a maximum payout of $20 per $10 note; if basket falls, par
Initial levels:	1,405.76 for S&P, 1,084.092 for Russell
Pricing date:	June 11
Settlement date:	June 16
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40434C386

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