New Issue: HSBC prices $1 million 4.55% buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 9 – HSBC USA Inc. priced $1 million of 4.55% buffered notes with fixed annual coupon due Sept. 10, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually.

The payout at maturity will be par unless the index return is less than negative 30%, in which case investors will lose 1% for every 1% that the index declines beyond 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered notes with fixed annual coupon
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Sept. 10, 2025
Coupon:	4.55%, payable annually
Price:	Par
Payout at maturity:	Par unless index return is less than negative 30%, in which case investors will lose 1% for every 1% that index declines beyond 30%
Initial level:	1,921.22
Pricing date:	Sept. 4
Settlement date:	Sept. 10
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UAC0

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