New Issue: HSBC prices $2.42 million AMPS linked to S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 1 – HSBC USA Inc. priced $2.42 million of 0% Accelerated Market Participation Securities due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 12.5%.

Investors will be fully exposed to any index decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Market Participation Securities
Underlying index:	S&P 500 index
Amount:	$2,422,220
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of the index return, capped at par plus 12.5%; otherwise, full exposure to index decline
Initial index level:	4,137.23
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40443B577

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