New Issue: HSBC prices $1.38 million buffered AMPS linked to Nasdaq, S&P

Chicago, Feb. 29 – HSBC USA Inc. priced $1.38 million of 0% buffered Accelerated Market Participation Securities due May 27, 2025 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain of the lesser-performing index, subject to a maximum return of 20.85%. Investors will receive par if the lesser-performing index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying indexes:	Nasdaq-100 index and S&P 500 index
Amount:	$1,381,000
Maturity:	May 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain of lesser-performing index, subject to maximum return of 20.85%; par if lesser-performing index falls by 10% or less; 1% loss for every 1% that lesser-performing declines beyond 10%
Initial index levels:	17,478.91 for Nasdaq, 4,981.80 for S&P
Buffer levels:	90% of initial levels
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	0.4%
Cusip:	40447AB94

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