New Issue: HSBC prices $18.01 million Accelerated Return Notes linked to basket of tech stocks

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – HSBC USA Inc. priced $18.01 million of 0% Accelerated Return Notes due Oct. 28, 2022 linked to a stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Adobe Inc., Broadcom Inc. and Nvidia Corp., each with a weight of 33.33%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 25.2%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying stocks:	Adobe Inc., Broadcom Inc. and Nvidia Corp., each with 33.33% weight
Amount:	$18,012,240
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any basket gain, up to a maximum return of 25.2%; lose 1% for every 1% of basket decline from initial level
Initial stock levels:	$652.39 for Adobe, $485.74 for Broadcom, $220.68 for Nvidia
Pricing date:	Aug. 26
Settlement date:	Sept. 3
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40439K540

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