New Issue: HSBC prices $18.24 million Accelerated Return Notes linked to Energy SPDR ETF

By William Gullotti

Buffalo, N.Y., Aug. 30 – HSBC USA Inc. priced $18.24 million of 0% Accelerated Return Notes due Oct. 27, 2023 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 40.73%.

Investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Amount:	$18,244,590
Maturity:	Oct. 27, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any ETF gain, capped at par plus 40.73%; full exposure to any ETF decline
Initial level:	$83.82
Final level:	Average of closing levels on five trading days ending Oct. 24, 2023
Pricing date:	Aug. 25
Settlement date:	Sept. 1
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40390L156

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