New Issue: HSBC prices $486,000 16.76% autocallable yield notes linked to Ford

Chicago, Oct. 16 – HSBC USA Inc. priced $486,000 of autocallable yield notes due Nov. 13, 2023 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 16.76%, paid monthly.

The securities will be called automatically at par if the level of the stock is greater than or equal to its initial level starting after six months and on any subsequent monthly determination date.

If the stock gains or ends above its 63% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level, payable in shares.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Ford Motor Co.
Amount:	$486,000
Maturity:	Nov. 13, 2023
Coupon:	16.76% annual rate, paid monthly
Price:	Par
Payout at maturity:	If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level, payable in shares
Call:	Automatically at par if the level of the stock is greater than or equal to its initial level starting after six months and on any subsequent monthly determination date
Initial level:	$11.56
Downside threshold:	$7.2828, 63% of initial level
Pricing date:	Oct. 11, 2022
Settlement date:	Oct. 14, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40428HUB6

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