New Issue: HSBC sells $4.35 million Strategic Accelerated Redemption Securities on S&P

By William Gullotti

Buffalo, N.Y., Dec. 29 – HSBC USA Inc. priced $4.35 million Strategic Accelerated Redemption Securities due Jan. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at an annualized call premium of 9.92% if the closing level of the index is greater than or equal to its initial level on any quarterly observation date after six months.

If the notes are not called, investors lose 1% for each 1% decline in the index.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$4,346,370
Maturity:	Jan. 6, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss
Call:	At par plus 9.92% annualized if the closing level of the index is greater than or equal to its initial value on any quarterly observation date after six months
Initial level:	4,696.56
Agent:	BofA Securities, Inc.
Pricing date:	Dec. 22
Settlement date:	Jan. 3, 2022
Fees:	1.25%
Cusip:	40439N809

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