New Issue: HSBC prices $450,000 0% buffered AMPS linked to NYSE FANG+

Chicago, Oct. 2 – HSBC USA Inc. priced $450,000 of 0% buffered accelerated market participation securities due March 31, 2025 linked to the NYSE FANG+ index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 39.5%. Investors will receive par if the index declines but ends above the 15% buffer and will lose 1% for every 1% that the index declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	NYSE FANG+ index
Amount:	$450,000
Maturity:	March 31, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of index return subject to a maximum return of par plus 39.5%; par if index declines but finishes above the 15% buffer; otherwise, exposure to decline in index beyond buffer
Initial level:	4766.96
Buffer level:	85% of initial level
Upside leverage:	200%
Cap:	39.5%
Buffer:	15%
Call:	Non-callable
Pricing date:	Sept. 27, 2022
Settlement date:	Sept. 30, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1.775%
Cusip:	40441XKZ2

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