New Issue: HSBC sells $375,000 income plus notes on stock basket

Chicago, Nov. 27 – HSBC USA, Inc. sold $375,000 of income plus notes due Oct. 26, 2026 linked to the stocks of Ford Motor Co., McDonald’s Corp., Chevron Corp., Pfizer Inc. and Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable annually. The interest rate will be at least 1.85%. If each stock closes above its initial level on the annual valuation date, investors will receive an additional 8.5% coupon, so 10.35%.

The payout at maturity will be par plus the last coupon payment.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Income plus notes
Underlying stocks:	Ford Motor Co., McDonald’s Corp., Chevron Corp., Pfizer Inc., Home Depot, Inc.
Amount:	$375,000
Maturity:	Oct. 26, 2026
Coupon:	1.85% if any stock closes below initial level on annual observation date or 10.35% if all five stocks close above initial level on annual observation date; payable annually
Price:	Par
Payout at maturity:	Par plus final coupon
Initial levels:	$11.77 for Ford, $249.77 for McDonald’s, $168.96 for Chevron, $42.91 for Pfizer, $269.46 for Home Depot
Pricing date:	Oct. 20, 2022
Settlement date:	Oct. 25, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1.775%
Cusip:	40441XRN2

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