New Issue: HSBC sells $326,000 buffered AMPS on VanEck Vectors Gold Miners ETF

By Cady Vishniac

Detroit, Dec. 30 – HSBC USA Inc. priced $326,000 of 0% buffered accelerated market participation securities due March 22, 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 14.1%.

Investors will receive par if the ETF falls by 12% or less and will lose 1% for every 1% decline beyond 12%.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$326,000
Maturity:	March 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 200% of ETF gain, capped at par plus 14.1%; par if ETF declines by 12% or less; 1% loss for every 1% ETF decline beyond 12%
Initial ETF price:	$37.29
Pricing date:	Dec. 17
Settlement date:	Dec. 22
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40438CF30

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