New Issue: HSBC sells $4.97 million capped gears linked to Stoxx

Chicago, May 5 – HSBC USA Inc. priced $4.97 million of 0% capped gears due June 28, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus three times the index return, subject to a maximum payout of par plus 24.51%. If the index return is less than zero, investors will have full exposure to the decline.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Capped gears
Underlying index:	Euro Stoxx 50 index
Amount:	$4,966,230
Maturity:	June 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus three times any index gain, capped at par plus 24.51%; full exposure to any losses
Initial level:	4,347.71
Pricing date:	April 26
Settlement date:	April 28
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40443B601

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