New Issue: HSBC prices $2.25 million autocallable contingent income barrier notes on S&P 500

New York, March 19 – HSBC USA Inc. priced $2.25 million of autocallable contingent income barrier notes due March 13, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.5%, paid quarterly, if the index closes at or above its 80.70% coupon barrier on the relevant observation date.

The securities will be called automatically at par if the index closes at or above its initial level on any quarterly observation date starting Dec. 10, 2024.

The payout at maturity will be par if the index ends at or above its 80% barrier value. Otherwise, investors will lose 1% for every 1% that the index declines.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable contingent income barrier notes
Underlying index:	S&P 500 index
Amount:	$2.25 million
Maturity:	March 13, 2026
Coupon:	8.5%, paid quarterly, if the index closes at or above its 80.70% coupon barrier on the relevant observation date
Price:	Par
Payout at maturity:	If index finishes at or above the barrier level, par; otherwise, 1% loss for every 1% that index declines from initial level
Call:	Automatically at par if the index closes at or above its initial level on any quarterly observation date starting Dec. 10, 2024
Initial level:	5,123.69
Coupon barrier:	4,134.81783, 80.7% of initial level
Barrier level:	4,098.952, 80% of initial level
Pricing date:	March 8
Settlement date:	March 13
Agent:	HSBC Securities (USA) Inc.
Fees:	0.45%
Cusip:	40447AJ54

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