By Wendy Van Sickle
Columbus, Ohio, April 6 – HSBC USA Inc. priced $5 million of 0% buffered Accelerated Market Participation Securities due Feb. 15, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser performing index falls by up to 13%, the payout at maturity will be par plus 13% plus 1.52 times the return of the lesser performing index, up to a maximum return of 60.8%.
Investors will lose 1% for every 1% decline beyond 13%.
The initial level of each index will equal the arithmetic average of its closing levels on the weekly anniversaries of the pricing date during a three-month period beginning on the pricing date.
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 indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $5 million
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| Maturity: | Feb. 15, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If lesser performing index falls by up to 13%, par plus 13% plus 1.52 times return of lesser performing index, up to maximum return of 60.8; 1% loss per 1% drop beyond 13%
|
| Initial levels: | Average of each index’s closing levels on weekly anniversaries of pricing date during a three-month period beginning on pricing date
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| Pricing date: | April 3
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| Settlement date: | April 6
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1.75%
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| Cusip: | 40435FYK7
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