New Issue: HSBC prices $711,000 buffered AMPS linked to S&P, Dow

By Taylor Fox

New York, Dec. 7 – HSBC USA Inc. priced $711,000 of 0% buffered Accelerated Market Participation Securities due Nov. 30, 2022 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain of the lesser-performing index, subject to a maximum return of 20.1%. Investors will receive par if the lesser-performing index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying indexes:	S&P 500 and Dow Jones industrial average
Amount:	$711,000
Maturity:	Nov. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any gain of lesser-performing index, subject to maximum return of 20.1%; par if lesser-performing index falls by 10% or less; 1% loss for every 1% that lesser-performing declines beyond 10%
Initial index levels:	30,046.24 for Dow and 3,635.41 for S&P
Buffer levels:	90% of initial levels
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40438CZV6

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