New Issue: HSBC sells $1.67 million digital index-linked notes on S&P 500

Chicago, May 18 – HSBC USA Inc. priced $1.67 million of 0% digital index-linked notes due June 14, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 87.5% of its initial level, the payout at maturity will be $1,099 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1429 % for each 1% decline of the index beyond the 12.5% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,668,000
Maturity:	June 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by not more than 12.5%, par plus 9.9%; otherwise, 1.1429 % loss for each 1% decline of the index beyond 12.5%
Initial level:	4,574.79
Buffer level:	87.5% of initial level
Pricing date:	Oct. 26, 2021
Settlement date:	Nov. 2, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439JQJ7

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