New Issue: HSBC prices $1.5 million market participation securities on three tech stocks

By William Gullotti

Buffalo, N.Y., June 9 – HSBC USA Inc. priced $1.5 million of 0% market participation securities due June 3, 2024 tied to the stock performance of Amazon.com, Inc., Alphabet Inc. and the Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each stock is positive, the payout at maturity will be par plus the return of the least-performing stock capped at 17.83%

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market participation securities
Underlying stocks:	Amazon.com, Inc., Alphabet Inc., Tesla, Inc.
Amount:	$1.5 million
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes above its initial level, par plus the gain of least-performing stock capped at 17.83%; otherwise, par
Initial levels:	$2,302.93 for Amazon, $2,246.33 for Alphabet, $759.63 for Tesla
Pricing date:	May 27
Settlement date:	June 2
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	40439J6A8

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