New York, April 8 – HSBC USA Inc. priced $4.53 million of 0% barrier Accelerated Market Participation Securities due Oct. 20, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to 26%, the payout at maturity will be par plus the sum of 39.7% plus 1.66% for every 1% that the index return exceeds 26%, subject to a maximum return of 89.5%.
If the index return is greater than or equal to negative 1% but less than 26%, the payout will be par plus 10% plus 110% of the sum of 1% plus the index return.
If the index return is less than negative 1% but greater than or equal to negative 6%, the payout will be par plus 200% of the sum of 6% plus the index return.
If the index return is less than negative 6% but greater than or equal to negative 26%, investors will lose 1.3% for every 1% that the index declines beyond 6%.
If the index return is less than negative 26%, investors will be fully exposed to the index’s decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier Accelerated Market Participation Securities
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| Underlying index: | Russell 2000
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| Amount: | $4,532,000
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| Maturity: | Oct. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to 26%, par plus sum of 39.7% plus 1.66% for every 1% that index return exceeds 26%, subject to a maximum return of 89.5%; if index return is greater than or equal to negative 1% but less than 26%, par plus 10% plus 110% of sum of 1% plus index return; if index return is less than negative 1% but greater than or equal to negative 6%, par plus 200% of sum of 6% plus index return; if index return is less than negative 6% but greater than or equal to negative 26%, 1.3% loss for every 1% that index declines beyond 6%; if index return is less than negative 26%, full exposure to index’s decline
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| Initial level: | Arithmetic average of closing levels every trading day from April 4 through May 11
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| Final level: | Arithmetic average of closing levels every trading day from July 20, 2027 through Oct. 15, 2027
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| Barrier level: | 74% of initial level
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| Pricing date: | April 4
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| Settlement date: | April 8
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.25%
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| Cusip: | 40439JV93
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