New Issue: HSBC prices $520,000 buffered PLUS linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., May 22 – HSBC USA Inc. priced $520,000 of 0% buffered PLUS due June 16, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 15.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.

HSBC Securities (USA) Inc. is the agent and will purchase the notes for distribution to Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Buffered PLUS
Underlying indexes:	S&P 500 index
Amount:	$520,000
Maturity:	June 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of index return if index return is positive, subject to maximum return of 15.3%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,101.23
Buffer level:	90% of initial level
Pricing date:	June 1, 2022
Settlement date:	June 6, 2022
Agent:	HSBC Securities (USA) Inc.
Distributor:	Morgan Stanley Wealth Management.
Fees:	0%
Cusip:	40439J7J8

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