New Issue: HSBC prices $560,000 autocallable barrier notes linked to SPDR fund, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 10 – HSBC USA Inc. priced $560,000 of 0% autocallable barrier notes with step-up premium due Sept. 28, 2026 linked to the Financial Select Sector SPDR fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 14.75% per year if each underlying asset closes at or above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par unless the lesser performing asset finishes below its barrier level, 70% of its initial level, in which case investors will be exposed to the decline of the lesser performing asset.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying assets:	Financial Select Sector SPDR fund and Russell 2000 index
Amount:	$560,000
Maturity:	Sept. 28, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless lesser performing asset finishes below barrier level, in which case exposure to decline of lesser performing asset
Call:	Automatically at par plus call premium of 14.75% per year if each underlying asset closes at or above initial level on any annual observation date
Initial levels:	$31.05 for ETF and 1,679.59 for index
Barrier levels:	$21.735 for ETF and 1,175.713 for index, or 70% of initial levels
Pricing date:	Sept. 23, 2022
Settlement date:	Sept. 28, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40441XMG2

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