New Issue: HSBC prices $166,000 buffered Market Participation Notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Nov. 21 – HSBC USA Inc. priced $166,000 of 0% buffered uncapped Market Participation Securities due May 5, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index’s return is positive, the payout at maturity will be par plus 124.75% of the lesser performing index’s return. Investors will receive par if the lesser performing index declines by 5% or less and will lose 1% for every 1% that it declines beyond 5%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped Market Participation Securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$166,000
Maturity:	May 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 124.75% of any gain in lesser performing index; par if lesser performing index declines by 5% or less; 1% loss for every 1% that lesser performing index declines beyond 5%
Initial index levels:	3,871.98 for S&P and 1,846.863 for Russell
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40441XQG8

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