New Issue: HSBC sells $11.51 million Strategic Accelerated Redemption Securities on S&P

By William Gullotti

Buffalo, N.Y., June 28 – HSBC USA Inc. priced $11.51 million Strategic Accelerated Redemption Securities due June 30, 2028 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 annual call premium of 10.3% if the closing level of the index is greater than or equal to its initial level on any annual observation date.

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:	$11,505,840
Maturity:	June 30, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss
Call:	At par plus 10.3% per year if the closing level of the index is greater than or equal to its initial value on any annual observation date
Initial level:	3,795.73
Pricing date:	June 23
Settlement date:	June 30
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	40390L297

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