By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – HSBC USA Inc. priced $1.31 million of 0% Strategic Accelerated Redemption Securities due Sept. 30, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annual call premium of 8.7% if the index closes at or above its initial level on any annual review date.
If the notes are not called, investors will be fully exposed to any loss in the index.
BofA Merrill Lynch is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Strategic Accelerated Redemption Securities
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| Underlying index: | S&P 500
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| Amount: | $1.31 million
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| Maturity: | Sept. 20, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Full exposure to any index decline
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| Call: | At par plus 8.7% annualized if index closes at or above initial level on annual review date
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| Initial index level: | 2,125.77
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 21
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| Underwriter: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 40435B759
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