New Issue: HSBC prices $490,000 buffered AMPS due 2022 linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 17 – HSBC USA Inc. priced $490,000 of 0% buffered Accelerated Market Participation Securities due May 3, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of 25.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500 index
Amount:	$490,000
Maturity:	May 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 25.5%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	2,834.41
Pricing date:	May 14
Settlement date:	May 17
Agent:	HSBC Securities (USA) Inc.
Fees:	2.525%
Cusip:	40435ULW2

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