New Issue: HSBC sells $4.87 million Accelerated Return Notes on Real Estate Select Sector SPDR

By Marisa Wong

Los Angeles, Dec. 29 – HSBC USA Inc. priced $4.87 million of 0% Accelerated Return Notes due Feb. 24, 2023 linked to the Real Estate Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any ETF gain, up to a maximum payout of par plus 15%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying ETF:	Real Estate Select Sector SPDR fund
Amount:	$4,874,250
Maturity:	Feb. 24, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any ETF gain, capped at par plus 15%; full exposure to any ETF decline
Initial value:	$50.07
Final value:	Average of ETF’s closing prices on five trading days ending Feb. 21, 2023
Pricing date:	Dec. 22
Settlement date:	Jan. 3
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40439N874

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