New Issue: HSBC sells $300,000 callable yield notes on Dow, Russell, Nasdaq

Chicago, April 14 – HSBC USA Inc. priced $300,000 of callable yield notes due May 28, 2024 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a 7.38% coupon monthly.

The notes will be callable at par plus any contingent coupon on any quarterly observation date starting after six months.

The payout at maturity will be par unless any index finishes below its 60% threshold level, in which case investors will be fully exposed to the losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable yield notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$300,000
Maturity:	May 28, 2024
Coupon:	7.38% annual rate, payable monthly
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing index
Call option:	At par on any quarterly observation date after six months
Initial levels:	11,835.62 for Nasdaq, 1,773.266 for Russell, 31,261.90 for Dow
Downside thresholds:	7,101.372 for Nasdaq, 1,063.9596 for Russell, 18,757.14 for Dow, 60% of initial levels
Pricing date:	May 20, 2022
Settlement date:	May 25, 2022
Selling agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439J5L5

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