New Issue: HSBC sells $7.6 million Bear Strategic Accelerated Redemption Securities on S&P

By Wendy Van Sickle

Columbus, Ohio, June 7 – HSBC USA Inc. priced $7.6 million of 0% Bear Strategic Accelerated Redemption Securities due June 10, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at a premium of 10.15% per year if the closing level of the index is less than or equal to its starting value on any of three quarterly observation dates after six months.

If the notes are not called, investors will lose 1% for each 1% gain in the index.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Bear Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$7,599,960
Maturity:	June 10, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	1% loss for each 1% gain in the index
Call:	If the closing level of the index is less than or equal to its starting value on any of three quarterly observation dates after six months, notes will be called at par plus 10.15% per year
Initial index level:	4,200.88
Agent:	BofA Securities, Inc.
Pricing date:	May 27
Settlement date:	June 4
Fees:	1.25%
Cusip:	40438U127

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