HSBC to price buffered accelerated market participation notes on stock basket

By Emma Trincal

New York, Jan. 26 – HSBC USA Inc. plans to price 0% buffered accelerated market participation securities due Feb. 1, 2023 linked to an equally weighted basket consisting of the stocks of Delta Air Lines, Inc., MGM Resorts International, Marriott International Inc., Booking Holdings Inc. and Carnival Corp.

The payout at maturity will be par plus double any basket gain, subject to a maximum return to be comprised between 26% and 28%, which will be set at pricing.

Investors will receive par if the stock basket declines by 15% or less and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40438CS77) will price on Jan. 27 and settle on Jan. 29.

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