New Issue: HSBC prices $118,000 buffered accelerated return notes tied to S&P 500

By Marisa Wong

Madison, Wis., Aug. 29 – HSBC USA Inc. priced $118,000 of 0% buffered accelerated return notes due Aug. 30, 2021 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 135% of the index return. Investors will receive par if the index declines by 30% or less and will lose 1.4286% for every 1% that it declines beyond 30%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated return notes
Underlying index:	S&P 500
Amount:	$118,000
Maturity:	Aug. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 135% of index return; par if index declines by 30% or less; 1.4286% loss for every 1% that index declines beyond 30%
Initial index level:	2,000.02
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433BKQ0

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