New Issue: HSBC prices $305,000 0% buffered accelerated market participation securities on Nasdaq

By Kiku Steinfeld

Chicago, Jan. 8 – HSBC USA Inc. priced $305,000 of 0% buffered accelerated market participation securities due July 29, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 150% of the index return subject to a maximum return of par plus 13.5%. Investors will receive par if the index declines but ends above the 15% buffer and will lose 1% for every 1% that the index declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	Nasdaq-100 index
Amount:	$305,000
Maturity:	July 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return subject to a maximum return of par plus 13.5%; par if index declines but finishes above the 15% buffer; otherwise exposure to decline in index beyond buffer
Upside leverage:	150%
Cap:	13.5%
Initial level:	12,725.11
Buffer:	15%
Call:	Non-callable
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40441X2S8

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