New Issue: HSBC prices $1.21 million buffered PLUS linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, June 16 – HSBC USA Inc. priced $1.21 million of 0% buffered PLUS due Oct. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 17.35%. Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is distributor.

Issuer:	HSBC USA Inc.
Issue:	Buffered PLUS
Underlying index:	S&P 500 index
Amount:	$1.21 million
Maturity:	Oct. 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of index return, subject to maximum return of 17.35%; par if index declines by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial level:	4,369.01
Buffer level:	90% of initial level
Pricing date:	June 13
Settlement date:	June 21
Agent:	HSBC Securities (USA) Inc.
Distributor:	Morgan Stanley Wealth Management
Fees:	0%
Cusip:	40447ACW2

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