New Issue: HSBC prices $498,000 buffered leveraged tracker notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., March 27 - HSBC USA Inc. priced $498,000 of 0% buffered leveraged tracker notes due March 28, 2024 linked 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 155% of the index return. If the index return is less than or equal to zero but greater than or equal to negative 50%, the payout will be par. If the index return is less than negative 50%, investors will lose 2% for each 1% decline beyond 50%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered leveraged tracker notes
Underlying index:	S&P 500
Amount:	$498,000
Maturity:	March 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 155% of index return; if index return is less than or equal to zero but greater than or equal to negative 50%, par; if index return is less than negative 50%, 2% loss for each 1% that index declines beyond 50%
Initial index level:	1,865.62
Pricing date:	March 25
Settlement date:	March 28
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40432XUS8

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