New Issue: HSBC prices $1.71 million capped buffered gears linked to S&P 500

By Taylor Fox

New York, Oct. 16 – HSBC USA Inc. priced $1.71 million of 0% capped buffered gears due Sept. 20, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 15.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it may decline beyond 10%.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Capped buffered gears
Underlying index:	S&P 500
Amount:	$1,707,500
Maturity:	Sept. 20, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus double any index gain, up to 15.5% maximum return; par if index falls by up to 10%; 1% loss for every 1% that index may decline beyond 10%
Initial index level:	3,401.20
Downside threshold:	3,061.08, 90% of initial level
Pricing date:	Sept. 15
Settlement date:	Sept. 18
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40438Q704

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