New Issue: HSBC sells $1.35 million AMPS linked to S&P, Dow

By Kiku Steinfeld

Chicago, April 1 – HSBC USA Inc. priced $1.35 million of 0% Accelerated Market Participation Securities due March 20, 2023 tied to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.85 times any gain of the lesser performing index.

Investors will receive par if the lesser performing index finishes flat and will lose 1% for each 1% decline of the lesser performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Market Participation Securities
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$1,350,000
Maturity:	March 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.85 times any gain of lesser performing index; par if index finishes flat; 1% loss for each 1% decline of index
Initial level:	2,711.02 for S&P, 23,185.62 for Dow
Pricing date:	March 13
Settlement date:	March 18
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40438CCE9

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