New Issue: HSBC prices $2.11 million market participation securities linked to S&P 500

By William Gullotti

Buffalo, N.Y., June 2 – HSBC USA Inc. priced $2.11 million of 0% market participation securities due June 3, 2024 tied to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus the index return up to a maximum return of par plus 7.25%.

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market participation securities
Underlying index:	S&P 500 index
Amount:	$2,112,000
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus the index return up to 7.25%; otherwise, par
Initial level:	4,169.48
Pricing date:	April 28
Settlement date:	May 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441X4K3

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