New Issue: HSBC prices $432,000 barrier uncapped participation notes on two stocks

Chicago, March 3 – HSBC USA Inc. priced $432,000 of 0% barrier uncapped participation notes due May 17, 2027 linked to the least performing of the common stocks of Broadcom Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each stock is positive, the payout at maturity will be par plus 237% of the least-performing stock’s return.

If the return of the least-performing stock is less than or equal to zero but greater than or equal to negative 30%, the payout will be par.

If the return of any stock is less than negative 30%, investors will lose 1% for every 1% that the least-performing stock declines from its initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped participation notes
Underlying stocks:	Broadcom Inc. and Nvidia Corp.
Amount:	$432,000
Maturity:	May 17, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each stock is positive, par plus 237% of least-performing stock’s return; if return of least-performing stock is less than or equal to zero but greater than or equal to negative 30%, par; if return of worst stock is less than negative 30%, 1% loss for every 1% that least-performing stock declines from initial level
Initial levels:	$567.11 for Broadcom, $166.30 for Nvidia
Barrier levels:	70% of initial levels
Pricing date:	May 11, 2022
Settlement date:	May 16, 2022
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40439J4V4

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