New Issue: HSBC sells $337,000 buffered AMPS on iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, Feb. 28 – HSBC USA Inc. priced $337,000 of 0% buffered Accelerated Market Participation Securities due Aug. 28, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 18.45%.

Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond 10%.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$337,000
Maturity:	Aug. 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 200% of ETF gain, capped at par plus 18.45%; par if ETF declines by 10% or less; 1% loss for every 1% ETF decline beyond 10%
Initial ETF price:	$47.47
Buffer level:	90% of initial level
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40439JYQ2

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