New Issue: HSBC sells $101,000 buffered accelerated market participation notes on Russell

By Kiku Steinfeld

Chicago, March 20 – HSBC USA Inc. priced $101,000 of 0% buffered accelerated market participation securities due Dec. 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus double the index return, capped at par plus 35.75%.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying index:	Russell 2000 index
Amount:	$101,000
Maturity:	Dec. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus two times the index return, capped at par plus 35.75%; par if index declines by 10% or less; 1% loss for every 1% index declines beyond 10% buffer
Initial index level:	1,886.577
Buffer level:	90% of initial level
Pricing date:	Nov. 30, 2022
Settlement date:	Dec. 5, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441XTX8

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