New Issue: HSBC prices $134,000 dual directional buffered notes linked to Nasdaq, Russell

By Angela McDaniels

Tacoma, Wash., Oct. 31 – HSBC USA Inc. priced $134,000 of 0% dual directional buffered notes due Nov. 4, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index finishes at or above its initial level, the payout at maturity will be par plus 120% of that index’s return, subject to a maximum return of 59.75%. If the lesser performing index declines by 10% or less, the payout at maturity will be par plus the absolute value of that index’s return. Otherwise, investors will lose 1% for every 1% that the lesser performing index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Nasdaq-100 index and the Russell 2000 index
Amount:	$134,000
Maturity:	Nov. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index finishes at or above initial level, par plus 120% of that index’s return, subject to maximum return of 59.75%; if lesser performing index declines by 10% or less, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% that lesser performing index declines beyond 10%
Initial levels:	11,405.57 for Nasdaq and 1,846.863 for Russell
Buffer levels:	90% of initial levels
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40441XQL7

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