New Issue: HSBC prices $1.23 million buffered accelerated market participation securities on Russell

New York, Dec. 22 – HSBC USA Inc. priced $1.23 million of 0% buffered accelerated market participation securities due June 23, 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 150% of the index return subject to a maximum return of par plus 18.15%. 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:	$1,225,000
Maturity:	June 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return subject to a maximum return of par plus 18.15%; par if index declines but finishes above the 10% buffer; otherwise exposure to decline in index beyond buffer
Upside leverage:	150%
Cap:	18.15%
Initial level:	1,982.417
Buffer:	10%
Call:	Non-callable
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Agent:	HSBC Securities (USA) Inc.
Fees:	1.875%
Cusip:	40447ATG9

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