New Issue: HSBC prices $439,000 of 2.5-year buffered AMPS linked to Russell 2000

By Susanna Moon

Chicago, Jan. 2 – HSBC USA Inc. priced $439,000 of 0% buffered Accelerated Market Participation Securities due June 21, 2021 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum return of 21.25%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline 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:	$439,000
Maturity:	June 21, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 21.25%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	1,377.176
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Agent:	HSBC Securities (USA) Inc.
Fees:	2.525%
Cusip:	40435UCB8

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