New Issue: HSBC sells $656,000 10.11% autocallable yield notes tied to Home Depot

By Kiku Steinfeld

Chicago, March 20 – HSBC USA Inc. priced $656,000 of 10.11% autocallable yield notes due Jan. 2, 2024 linked to the stock performance Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if the stock closes at or above its initial level on any monthly call date after six months.

The payout at maturity will be par unless the stock finishes below its 75% trigger price, in which case investors will receive a number of shares equal to the principal divided by the initial share price or, at the issuer’s option, the cash equivalent.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Home Depot, Inc.
Amount:	$656,000
Maturity:	Jan. 2, 2024
Coupon:	10.11%, payable monthly
Price:	Par
Payout at maturity:	Par unless the stock finishes below its 75% trigger price, in which case a number of shares equal to the principal divided by the initial share price or the cash equivalent
Call:	Automatically at par if stock closes at or above initial level on any monthly call date after six months
Initial share price:	$315.96
Trigger price:	$236.97; 75% of initial level
Pricing date:	Nov. 29, 2022
Settlement date:	Dec. 2, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40428HUG5

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