New Issue: HSBC prices $2.85 million 12.07% autocallable yield notes linked to Uber

New York, Dec. 8 – HSBC USA Inc. priced $2.85 million of 12.07% autocallable yield notes due Jan. 7, 2025 linked to the common stock of Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The securities will be called starting June 4, 2024 and on any subsequent monthly determination date if the shares close at or above their initial level.

If the stock gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Uber Technologies, Inc.
Amount:	$2,849,000
Maturity:	Jan. 7, 2025
Coupon:	12.07%, paid monthly
Price:	Par
Payout at maturity:	If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
Call:	Starting June 4, 2024 and on any subsequent monthly determination date if the shares close at or above their initial level
Initial level:	$58.63
Downside threshold:	$41.01, 70% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 7
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40428HZK1

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