New Issue: HSBC sells $943,000 of 2.5-year buffered AMPS with cap on Russell

Chicago, Feb. 11 – HSBC USA Inc. priced $943,000 of 0% buffered Accelerated Market Participation Securities due Aug. 1, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, up to a maximum payout of 18.3%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$943,000
Maturity:	Aug. 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, up to 18.3% cap; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
Initial level:	1,658.314
Buffer level:	90% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40435U2A1

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