New Issue: HSBC sells $6.25 million Accelerated Return Notes on stock basket

By Wendy Van Sickle

Columbus, Ohio, July 21 – HSBC USA Inc. priced $6.25 million of 0% Accelerated Return Notes due July 29, 2022 tied to an equally weighted basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Home Depot, Inc., Target Corp. and TJX Cos., Inc.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 17.7%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Basket components:	Home Depot, Inc., Target Corp. and TJX Cos., Inc, equal weights
Amount:	$6,249,580
Maturity:	July 29, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, capped at 17.7%; 1% loss for each 1% decline
Initial index levels:	$318.77 for Home Depot, $227.37 for Target and $67.24 for TJX
Pricing date:	May 27
Settlement date:	June 4
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40438U176

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