New Issue: HSBC sells $566,000 buffered accelerated market participation securities on S&P 500 ESG

By Kiku Steinfeld

Chicago, Oct. 2 – HSBC USA Inc. priced $566,000 of 0% buffered accelerated market participation securities due March 30, 2023 linked to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 15%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	S&P 500 ESG
Amount:	$566,000
Maturity:	March 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, capped at par plus 15%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10% buffer
Initial index level:	282.70
Buffer level:	90% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40438CUM1

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