New Issue: HSBC prices $1.89 million buffered AMPS linked to index basket

By Sarah Lizee

Olympia, Wash., Feb. 20 – HSBC USA Inc. priced $1.89 million of 0% buffered Accelerated Market Participation Securities due Feb. 21, 2023 linked to a basket containing the S&P 500 index with a 33.33% weight, the Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, subject to a maximum return of 31%. Investors will receive par if the basket 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 basket:	S&P 500 index (33.33% weight), Euro Stoxx 50 index (33.33% weight) and Nikkei 225 index (33.33% weight)
Amount:	$1,885,000
Maturity:	Feb. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any basket gain, up to maximum return of 31%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
Initial share price:	3,380.16 for S&P 500, 3,840.97 for Stoxx, 23,687.59 for Nikkei
Pricing date:	Feb. 14
Settlement date:	Feb. 20
Agent:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40435U3N2

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