New Issue: HSBC sells $127,000 buffered market participation notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – HSBC USA Inc. priced $127,000 of 0% buffered market participation securities due Dec. 19, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum payout of par plus 40%.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying index:	S&P 500
Amount:	$127,000
Maturity:	Dec. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 40%; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
Initial level:	3,191.45
Pricing date:	Dec. 16
Settlement date:	Dec. 19
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40433UT53

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