New Issue: HSBC prices $264,000 0% buffered AMPS linked to Nasdaq, Russell

Chicago, Oct. 11 – HSBC USA Inc. priced $264,000 of 0% buffered accelerated market participation securities due Oct. 7, 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 34.7%. Investors will receive par if the worst performing index declines but ends above the 80% buffer level and will lose 1% for every 1% that the worst performing index declines beyond the 20% 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:	$264,000
Maturity:	Oct. 7, 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 34.7%; par if worst performing index declines but finishes above the buffer; otherwise, exposure to decline in worst performing index beyond 20% buffer
Initial levels:	10,971.22 for Nasdaq, 1,664.716 for Russell
Buffer levels:	80% of initial levels
Upside leverage:	150%
Cap:	34.7%
Call:	Non-callable
Pricing date:	Sept. 30, 2022
Settlement date:	Oct. 5, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40441XLH1

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