New Issue: HSBC prices $19.19 million seven-year Mitts tied to S&P 500, Euro Stoxx 50, Nikkei

By Toni Weeks

San Luis Obispo, Calif., April 27 – HSBC USA Inc. priced $19.19 million of 0% Market Index Target-Term Securities due May 2, 2022 linked to the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the Nikkei Stock Average index with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par of $10 plus the basket return, capped at 55.55%.

Investors will receive at least par.

For each index, the final index level will be the average of the closing index levels on the five trading days ending April 26, 2022.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market Index Target-Term Securities
Underlying basket:	S&P 500 index (33.34% weight), Euro Stoxx 50 index (33.33% weight) and Nikkei Stock Average index (33.33% weight)
Amount:	$19.19 million
Maturity:	May 2, 2022
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	If basket return is positive, par plus basket return, capped at 55.55%; if basket return is zero or negative, par
Initial basket level:	100
Final index levels:	For each index, average of index's closing levels on five trading days ending April 26, 2022
Pricing date:	April 23
Settlement date:	April 30
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434G775

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