New Issue: HSBC prices $50,000 autocallable buffered notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., June 28 – HSBC USA Inc. priced $50,000 of 0% autocallable buffered notes with step-up premium due July 29, 2027 linked to 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 automatically called at par plus 9% per year if each index closes at or above its initial level on any annual call observation date.

If the notes are not called, the payout at maturity will be par unless the lesser-performing index’s return is less than negative 15%, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable buffered notes with step-up premium
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$50,000
Maturity:	July 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless lesser-performing index’s return is less than negative 15%, in which case 1% loss for every 1% that lesser-performing index declines beyond 15%
Call:	Automatically at par plus 9% per year if each index closes at or above initial level on any annual call observation date
Initial levels:	3,921.05 for S&P and 1,805.246 for Russell
Buffer levels:	85% of initial levels
Pricing date:	July 26, 2022
Settlement date:	July 29, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40441XCZ1

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