New Issue: HSBC prices $962,000 0% buffered AMPS linked to Russell 2000

By Kiku Steinfeld

Chicago, Sept. 27 – HSBC USA Inc. priced $962,000 of 0% buffered accelerated market participation securities due June 20, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 28.5%. Investors will receive par if the index declines but ends above the 10% buffer and will lose 1% for every 1% that the index declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	Russell 2000 index
Amount:	$962,000
Maturity:	June 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 300% of index return subject to a maximum return of par plus 28.5%; par if index declines but finishes above the 10% buffer; otherwise exposure to decline in index beyond buffer
Upside leverage:	300%
Cap:	28.5%
Initial level:	1,745.945
Buffer:	10%
Call:	Non-callable
Pricing date:	March 15, 2023
Settlement date:	March 20, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40441XV64

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