New Issue: HSBC sells $312,000 leveraged buffered uncapped notes on S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Aug. 17 – HSBC USA Inc. priced $312,000 of 0% leveraged buffered uncapped market participation securities due Aug. 7, 2023 tied to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 times any gain of the lesser performing index.

Investors will receive par if the lesser performing index falls by up to 10% and will lose 1% for each 1% decline of the lesser performing index beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying indexes:	Nasdaq-100 and S&P 500
Amount:	$312,000
Maturity:	Aug. 7, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.1 times any gain of lesser performing index; par if lesser performing index falls by up to 10%; 1% loss for each 1% decline of lesser performing index beyond 10%
Initial levels:	3,271.12 for S&P, 10,905.88 for Nasdaq
Buffer levels:	90% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40438CNQ0

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