New Issue: HSBC prices $982,000 buffered AMPS due 2021 linked to Russell

By Kiku Steinfeld

Chicago, July 18 – HSBC USA Inc. priced $982,000 of 0% buffered Accelerated Market Participation Securities due July 6, 2021 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 18.75%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$982,000
Maturity:	July 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 18.75%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	1,566.572
Pricing date:	June 28
Settlement date:	July 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435UPS7

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