New Issue: HSBC prices $1 million callable notes with contingent return linked to S&P 500

New York, Nov. 7 – HSBC USA Inc. priced $1 million of callable notes with contingent return due Dec. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The annualized coupon of 8.5% will be paid monthly if the underlying index closes at or above its 80% barrier level on the related monthly observation date

The notes may be called starting on April 30, 2024 and on any subsequent monthly observation date.

The payout at maturity will be par if the index finishes at or above its 80% barrier. Investors will lose 1% for every 1% that the index declines if it finishes below the barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable notes with contingent return
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Dec. 3, 2024
Coupon:	8.5%, paid monthly, if the underlying index closes at or above its 80% barrier level on the related monthly observation date
Price:	Par
Payout at maturity:	If index finishes at or above the barrier level par; 1% loss for every 1% that index declines if it ends below barrier value
Initial level:	4,193.8
Coupon barrier:	3,355.04, 80% of initial level
Barrier level:	3,355.04, 80% of initial level
Call:	Starting on April 30, 2024 and on any subsequent monthly observation date
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40447ANT7

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