New Issue: HSBC prices $3.07 million buffered AMPS tied to S&P 500

By Sarah Lizee

Olympia, Wash., May 20 – HSBC USA Inc. priced $3.07 million of 0% buffered Accelerated Market Participation Securities due Sept. 30, 2022 linked to the S&P 500 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 payout of 15.4%.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$3,069,000
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to 15.4% cap; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
Initial level:	2,630.07
Buffer level:	90% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40438CAV3

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