New Issue: HSBC prices $1.95 million of six-year Stars linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 9 – HSBC USA Inc. priced $1.95 million of 0% Strategic Accelerated Redemption Securities due May 13, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 10.877% if the index closes at or above its initial level on any of six annual review dates.

The payout at maturity will be par unless the index falls, in which case investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$1,954,000
Maturity:	May 13, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless the index falls, in which case exposure to any losses
Call:	At par plus 10.877% a year if index closes at or above initial level on any annual review date
Initial level:	2,050.63
Pricing date:	May 5
Settlement date:	May 12
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434N119

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