New Issue: HSBC prices $174,000 Bumps linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 4 – HSBC USA Inc. priced $174,000 of 0% Buffered Uncapped Market Participation Securities due Dec. 3, 2024 linked to 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 final level is greater than its initial level, the payout at maturity will be par plus 126.25% of the lesser-performing index’s return. If the lesser-performing index’s final level is less than its initial level but greater than or equal to 95% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index 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 index and Russell 2000 index
Amount:	$174,000
Maturity:	Dec. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser-performing index’s final level is greater than initial level, par plus 126.25% of lesser-performing index’s return; if lesser-performing index’s final level is less than initial level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 5%
Initial levels:	4,132.15 for S&P and 1,864.043 for Russell
Buffer levels:	95% of initial levels
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439J2N4

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