New Issue: HSBC prices $1.28 million buffered accelerated market participation securities on Russell

New York, Feb. 14 – HSBC USA Inc. priced $1.28 million of 0% buffered accelerated market participation securities due July 31, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 17.65%.

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:	Russell 2000 index
Amount:	$1,281,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return, subject to a maximum return of par plus 17.65%; par if index declines up to 10%; otherwise, lose 1% for every 1% that the index declines beyond 10%
Initial level:	1,978.331
Buffer:	10%
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40447AUY8

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