linked to the Reference Asset as describedīelow. The purchaser of a security will acquire a senior unsecured debt security of HSBC USA Inc. Relates to an offering of securities linked to the performance of the S&P 500 ® Index (the “Reference Asset”). Lose some or a significant portion (up to 80%) of your principal. You should be willing toįorgo interest and dividend payments during the term of the securities and, if the Reference Return is less than the Buffer Level, Or Equity Index Underlying Supplement, the terms described in this pricing supplement shall control. Terms of the securities offered hereby are inconsistent with those described in the accompanying prospectus, prospectus supplement, In this pricing supplement and the accompanying prospectus, prospectus supplement and Equity Index Underlying Supplement. The securities will have the terms described To a single offering of Buffered Uncapped Market Participation Securities TM. Uncapped Market Participation Securities TM See “Supplemental Plan of Distribution (Conflicts of Interest)” on page PS-9 of this pricing Underwriting discounts of up to 3.75% per $1,000 Principal Amount in connection with the distribution of the securities to other See “Estimated Initial Value” on page PS-2 and “Risk Factors”īeginning on page PS-5 of this document for additional information. The market value of the securities at any time will reflect manyįactors and cannot be predicted with accuracy. Is $949.00 per security, which is less than the price to public. The Estimated Initial Value of the securities on the Pricing Date
Refer to “Risk Factors” beginning on page PS-5 of this document, page S-1 of the accompanying prospectus supplementĪnd page S-2 of the accompanying Equity Index Underlying Supplement. Investment in the securities involves certain risks. Plan of Distribution (Conflicts of Interest)” on page PS-9 of this pricing supplement. Inform you otherwise in the confirmation of sale, this pricing supplement is being used in a market-making transaction. May use this pricing supplement in market-making transactions in any securities after their initial sale. Or will offer the securities directly to investors. will purchase the securities from us for distribution to other registered broker-dealers We have appointed HSBC Securities (USA) Inc., an affiliate of ours, as the agent for the sale This document, the accompanying prospectus, prospectus supplement or Equity Index Underlying Supplement. Nor any state securities commission has approved or disapproved of the securities or passed upon the accuracy or the adequacy of Securities and Exchange Commission (the “SEC”) securitiesĮxchange or automated quotation system. (each a “security” and collectively the “securities") offered hereunder will not be listed on any U.S. The Buffered Uncapped Market Participation Securities TM Protection from the first 20% of any losses of the Reference AssetĪll payments on the securities are subject to the credit risk of HSBC USA Inc. (1) Calculated in accordance with Rule 457(r) of theĮquity Index Underlying Supplement dated Marchġ.00x uncapped exposure to any positive return of the Reference Asset
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