New Issue: HSBC prices $752,000 buffered accelerated market participation securities on indexes

Chicago, Sept. 18 – HSBC USA Inc. priced $752,000 of 0% buffered accelerated market participation securities due Sept. 6, 2024 linked to the least performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 150% of the worst performing index return subject to a maximum return of par plus 30%. Investors will receive par if the worst performing index declines but ends above the 80% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying indexes:	Nasdaq-100 index and Russell 2000 index
Amount:	$752,000
Maturity:	Sept. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 150% of worst performing index return subject to a maximum return of par plus 30%; par if worst performing index declines but finishes above the buffer; otherwise, exposure to decline in worst performing index beyond buffer
Call:	Non-callable
Initial levels:	$12,272.03 for Nasdaq, $1,844.115 for Russell
Buffer levels:	80% of initial levels
Upside leverage:	150%
Cap:	30%
Buffer:	20%
Pricing date:	Aug. 31, 2022
Settlement date:	Sept. 6, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40441XGY0

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