By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – HSBC USA Inc. priced $2 million of 0% buffered accelerated market participation securities due Oct. 3, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is at least negative 9%, investors will receive a positive return equal to 1.115 times the sum of 9% plus the index return, subject to a maximum return of 33.45%.
Investors will lose 1% for every 1% decline beyond the 9% buffer.
The initial index level will be the arithmetic average of its daily closing levels during a three-month period from Oct. 6 to Jan. 4.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered accelerated market participation securities
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| Underlying index: | Russell 2000 index
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| Amount: | $2 million
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| Maturity: | Oct. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is at least negative 9%, positive return equal to 1.115 times sum of 9% plus the index return, subject to maximum return of 33.45%; 1% loss for every 1% index decline beyond 9% buffer
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| Initial level: | Arithmetic average of daily closing levels during a three-month period from Oct. 6 to Jan. 4
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| Buffer level: | 91% of initial level
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 13
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.5%
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| Cusip: | 40439JPY5
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