New Issue: HSBC prices $1.54 million buffered AMPS linked to Russell 2000

By Sarah Lizee

Olympia, Wash., Nov. 1 – HSBC USA Inc. priced $1.54 million of 0% buffered Accelerated Market Participation Securities due May 2, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 20.2%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$1,537,000
Maturity:	May 2, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to maximum return of 20.2%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,571.933
Pricing date:	Oct. 28
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40435UZW7

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