New Issue: HSBC sells $1.21 million buffered AMPS linked to travel basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 4 – HSBC USA Inc. priced $1.21 million of 0% buffered Accelerated Market Participation Securities due Feb. 1, 2023 linked to an equally weighted basket consisting of the stocks of Delta Air Lines, Inc., MGM Resorts International, Marriott International Inc., Booking Holdings Inc. and Carnival Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 200% of the basket return, capped at par plus 27.6%.

Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% decline beyond the 15% buffer.

HSBC USA Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying basket:	Delta Air Lines, Inc., MGM Resorts International, Marriott International Inc., Booking Holdings Inc. and Carnival Corp., each with 20% weights
Amount:	$1.21 million
Maturity:	Feb. 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 200% of basket return, capped at par plus 27.6%; par if basket declines by 15% or less; 1% loss for every 1% basket decline beyond 15% buffer
Initial basket level:	$38.52 for Delta, $28.36 for MGM, $117.47 for Marriott, $1,886.09 for Booking and $18.98 for Carnival
Pricing date:	Jan. 27
Settlement date:	Jan. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40438CS77

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