New Issue: HSBC sells $28.06 million Accelerated Return Notes on Russell 2000

By Cady Vishniac

Detroit, Dec. 2 – HSBC USA Inc. priced $28.06 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 17.3%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$28,062,590
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus triple any index gain, capped at par plus 17.3%; 1% loss for each 1% decline
Initial level:	1,853.532
Final level:	Average of index closing levels for each of the five trading days ending Jan. 25, 2022
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40438Q597

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