New Issue: HSBC sells $322,000 buffered AMPS on Gold Miners

Chicago, Dec. 5 – HSBC USA Inc. priced $322,000 of 0% buffered Accelerated Market Participation Securities due April 1, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, capped at par plus 38.2%.

Investors will receive par if the fund falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying fund:	VanEck Vectors Gold Miners ETF
Amount:	$322,000
Maturity:	April 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 200% of fund gain, capped at par plus 38.2%; par if fund declines by 10% or less; 1% loss for every 1% fund decline beyond 10%
Initial fund price:	$37.70
Buffer level:	90% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40439JE84

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