New Issue: HSBC prices $1 million 5% buffered notes with annual coupons linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., Sept. 16 – HSBC USA Inc. priced $1 million of 5% buffered notes with fixed annual coupons due Sept. 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable in September of each year.

The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1.25% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Sept. 17, 2024
Coupon:	5%, payable annually
Price:	Par
Payout at maturity:	Par unless index falls by more than 20%, in which case 1.25% loss for each 1% decline beyond 20%
Initial index level:	1,985.54
Buffer amount:	20%
Pricing date:	Sept. 12
Settlement date:	Sept. 17
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433BNL8

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