New Issue: HSBC sells $472,000 buffered accelerated market participation notes on Russell 2000

By Kiku Steinfeld

Chicago, Oct. 19 – HSBC USA Inc. priced $472,000 of 0% buffered accelerated market participation securities due Jan. 30, 2024 linked to the Russell 2000 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 double the index return, capped at par plus 13%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	Russell 2000
Amount:	$472,000
Maturity:	Jan. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus two times the index return, capped at par plus 13%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10% buffer
Initial index level:	2,191.833
Buffer level:	90% of initial level
Pricing date:	July 27
Settlement date:	July 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40439JEQ4

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