New Issue: HSBC sells $265,000 buffered uncapped market participation notes on AI Powered index

By Kiku Steinfeld

Chicago, June 3 – HSBC USA Inc. priced $265,000 of 0% buffered uncapped market participation securities due Nov. 3, 2026 tied to the AI Powered US Equity Adjusted Total Return 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 1.73 times the index return.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline in the index beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	AI Powered US Equity Adjusted Total Return index
Amount:	$265,000
Maturity:	Nov. 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.73 times index return; par if index falls by up to buffer; 1% loss for every 1% decline in index beyond buffer
Initial index level:	6,907.83
Buffer level:	80% of initial level
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40439JPH2

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