New Issue: HSBC sells $14.94 million Strategic Accelerated Redemption Securities on S&P

By William Gullotti

Buffalo, N.Y., May 31 – HSBC USA Inc. priced $14.94 million Strategic Accelerated Redemption Securities due May 25, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at an annualized call premium of 10% if the closing level of the index is greater than or equal to its initial level on any annual determination date.

If the notes are not called at maturity, investors lose 1% for each 1% decline in the index.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500 index
Amount:	$14,941,960
Maturity:	May 25, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to loss
Call:	At par plus 10% annualized if the closing level of the index is greater than or equal to its initial value on any annual determination date
Initial level:	4,151.28
Pricing date:	May 25
Settlement date:	June 2
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	40443B700

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