New Issue: HSBC sells $1.29 million barrier uncapped market participation securities on S&P 500

Chicago, Dec. 5 – HSBC USA Inc. priced $1.29 million of 0% barrier uncapped market participation securities due March 31, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.09 times the index return. Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline in the index if the index declines more than the barrier.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped market participation securities
Underlying index:	S&P 500 index
Amount:	$1,290,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.09 times the index return; par if index falls by up to barrier; otherwise, 1% loss for every 1% decline in index from initial level
Initial index level:	4,575.52
Barrier level:	70% of initial level
Pricing date:	March 28
Settlement date:	March 31
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439JM28

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