New Issue: HSBC prices $1.24 million buffered accelerated market participation securities on S&P

New York, April 5 – HSBC USA Inc. priced $1.24 million of 0% buffered accelerated market participation securities due Sept. 28, 2026 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 22.25%.

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:	$1,237,000
Maturity:	Sept. 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of index return, subject to a maximum return of par plus 22.25%; par if index declines by no more than 10%; otherwise, one-to-one exposure to decline in index beyond 10%
Initial level:	5,218.19
Buffer:	10%
Pricing date:	March 25
Settlement date:	March 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40447AH23

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