New Issue: HSBC prices $3 million buffered accelerated market participation notes on three stocks

By William Gullotti

Buffalo, N.Y., Aug. 2 – HSBC USA Inc. priced $3 million of 0% buffered accelerated market participation securities due Aug. 30, 2022 tied to the stock performance of Wynn Resorts, Ltd., Las Vegas Sands Corp. and the MGM Resorts International, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus twice any gain in the least performing stock, up to a maximum payout of par plus 62%.

Investors will receive par if any stock falls by up to 10% and will lose 1% for each 1% decline of the worst performer beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying stocks:	Las Vegas Sands Corp., MGM Resorts International, Wynn Resorts, Ltd.
Amount:	$3 million
Maturity:	Aug. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus twice any gain in the least performing stock, capped at par plus 62%; par if any stock falls by up to 10%; 1% loss for each 1% decline of the worst performer beyond 10%
Initial levels:	$44.51 for Vegas Sands, $38.40 for MGM, $102.16 for Wynn
Buffer level:	90% of initial levels
Pricing date:	July 28
Settlement date:	July 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	40439JGZ2

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