New Issue: HSBC sells $461,000 buffered market participation securities tied to S&P 500 ESG

By Kiku Steinfeld

Chicago, Aug. 11 – HSBC USA Inc. priced $461,000 of 0% buffered market participation securities due July 31, 2025 tied to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 46%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying index:	S&P 500 ESG index
Amount:	$461,000
Maturity:	July 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 46%; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:	274.83
Buffer level:	85% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40438CPN5

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