New Issue: HSBC prices $13.42 million autocallable Stars linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Oct. 4 – HSBC USA Inc. priced $13.42 million autocallable Strategic Accelerated Redemption Securities due Sept. 25, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at an annualized call premium of 12.65% if the closing level of the index is greater than or equal to its initial level on any annual determination date.

If the notes are not called at maturity, investors will lose 1% for each 1% decline in the index.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000 index
Amount:	$13,419,610
Maturity:	Sept. 25, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss
Call:	At par plus 12.65% annualized if the closing level of the index is greater than or equal to its initial value on any annual determination date
Initial level:	1,794.312
Pricing date:	Sept. 28
Settlement date:	Oct. 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	44328M211

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