New Issue: HSBC sells $1.21 million autocallable barrier notes with step-up premium on three indexes

Chicago, Aug. 23 – HSBC USA Inc. priced $1.21 million of 0% autocallable barrier notes with step-up premium due Aug. 23, 2027 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an 11.81% annualized call premium if each index closes at or above its initial level on any annual valuation date.

If the notes are not called, the payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:	$1,205,000
Maturity:	Aug. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus an 11.81% annualized call premium if each index closes at or above its initial level on any annual valuation date
Initial index levels:	13,505.99 for Nasdaq, 4,283.74 for S&P, 2,000.729 for Russell
Barrier levels:	8,778.8935 for Nasdaq, 2,784.431 for S&P, 1,300.47385 for Russell; 65% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40441XHP8

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