New Issue: HSBC sells $3.54 million buffered uncapped market notes on S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 7 – HSBC USA Inc. priced $3.54 million of 0% buffered uncapped market participation securities due Aug. 31, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 22% and will lose 1% for each 1% decline beyond 22%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$3,539,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 22%; 1% loss for each 1% decline beyond 22%
Initial level:	2,897.52
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FS81

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