New Issue: HSBC sells $500,000 callable yield notes on Dow, Russell, Nasdaq

Chicago, Oct. 2 – HSBC USA Inc. priced $500,000 of callable yield notes due Sept. 30, 2024 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a 7.3% coupon quarterly.

The notes will be callable at par plus any contingent coupon on any quarterly observation date starting after one year.

The payout at maturity will be par unless any index finishes below its 50% threshold level, in which case investors will be fully exposed to the losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable yield notes
Underlying indexes:	Russell 2000 index, S&P 500 index, Nasdaq-100 index
Amount:	$500,000
Maturity:	Sept. 30, 2024
Coupon:	7.3% annual rate, payable quarterly
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing index
Call option:	At par on any quarterly observation date after one year
Initial levels:	3,655.04 for S&P, 1,655.882 for Russell, 11,254.11 for Nasdaq
Downside thresholds:	1,827.52 for S&P, 827.941 for Russell, 5,627.055 for Nasdaq, 50% of initial levels
Pricing date:	Sept. 26, 2022
Settlement date:	Sept. 29, 2022
Selling agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441XNT3

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