New Issue: HSBC sells $3.24 million barrier AMPS on indexes

By Wendy Van Sickle

Columbus, Ohio, March 26 – HSBC USA Inc. priced $3.24 million of 0% barrier Accelerated Market Participation Securities due March 19, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 4 times any least performing index gain, up to a maximum return of 91%.

Investors will receive par if the least performing index falls by up to 30% and will lose 1% for every 1% decline of the least performing index if it falls beyond 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and S&P 500 index
Amount:	$3,241,000
Maturity:	March 19, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 400% of any gain in least performing index, up to 91% cap; par if least-performing index declines by 30% or less; otherwise, 1% loss per 1% drop of least performing index
Initial levels:	20,188.52 for Dow, 1,037.416 for Russell, 2,386.13 for S&P
Barrier levels:	14,131.964 for Dow, 726.1912 for Russell, 1,670.291 for S&P
Pricing date:	March 16
Settlement date:	March 19
Agent:	HSBC Securities (USA) Inc.
Fees:	0.625%
Cusip:	404358CCA7

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