New Issue: HSBC sells $5.01 million autocallable Strategic Accelerated Redemption Securities on ETF

By William Gullotti

Buffalo, N.Y., Oct. 4 – HSBC USA Inc. priced $5.01 million autocallable Strategic Accelerated Redemption Securities due Sept. 29, 2028 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at an annualized call premium of 13.1% if the closing level of the ETF is greater than or equal to its initial level on any annual determination date, including maturity.

Investors will receive par if the ETF declines by no more than 15% and will lose 1% for every 1% that the ETF declines beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying fund:	VanEck Gold Miners ETF
Amount:	$5,012,050
Maturity:	Sept. 29, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the ETF declines but finishes at or above threshold level, par; otherwise, lose 1% for each 1% decline beyond threshold
Call:	At par plus 13.1% annualized if the closing level of the ETF is greater than or equal to its initial value on any annual determination date, including maturity
Initial level:	$27.05
Threshold level:	$22.99; 85% of initial level
Pricing date:	Sept. 28
Settlement date:	Oct. 6
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	44328M179

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