New Issue: HSBC prices $1.79 million buffered Accelerated Market Participation Securities on S&P

New York, Dec. 14 – HSBC USA Inc. priced $1.79 million of 0% buffered Accelerated Market Participation Securities due July 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 20%.

Investors will receive par if the index declines by no more than 10% and will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500 index
Amount:	$1,785,000
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of index return, subject to a maximum return of par plus 20%; par if index declines by no more than 10%; otherwise, lose 1% for every 1% that the index declines beyond 10%
Initial level:	4,567.18
Buffer:	10%
Strike date:	Dec. 5
Pricing date:	Dec. 11
Settlement date:	Dec. 14
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40447AUM4

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