New Issue: HSBC sells $1.37 million buffered uncapped market participation notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 2 – HSBC USA Inc. priced $1.37 million of 0% buffered uncapped market participation securities due April 4, 2022 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 12% and will lose 1% for each 1% decline beyond 12%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$1,366,000
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 12%; 1% loss for each 1% decline beyond 12%
Initial level:	2,834.4
Pricing date:	March 29
Settlement date:	April 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435UHG2

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