New Issue: HSBC prices $301,000 7.65% callable yield notes linked to S&P, Russell, Nasdaq

By Angela McDaniels

Tacoma, Wash., March 28 – HSBC USA Inc. priced $301,000 of 7.65% callable yield notes due July 8, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par monthly starting Jan. 3, 2024.

The payout at maturity will be par unless the least performing index finishes below its 80% buffer level, in which case investors will lose 1% for every 1% that the least performing index declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable yield notes
Underlying indexes:	S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:	$301,000
Maturity:	July 8, 2024
Coupon:	7.65% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless least performing index finishes below 80% buffer level, in which case 1% loss for every 1% that least performing index declines beyond 20%
Call option:	At par monthly starting Jan. 3, 2024
Initial levels:	4,450.38 for S&P, 1,888.734 for Russell and 15,179.21 for Nasdaq
Buffer levels:	3,560.304 for S&P, 1,510.9872 for Russell and 12,143.368 for Nasdaq, or 80% of initial levels
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	0.4%
Cusip:	40447ADD3

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