New Issue: HSBC prices $317,000 7.25% autocallable yield notes linked to Disney

Chicago, Feb. 12 – HSBC USA Inc. priced $317,000 of autocallable yield notes due June 2, 2025 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.25%, paid monthly.

The securities will be called at par starting after six months and on any subsequent monthly determination date if the stock closes above its initial level.

If the stock gains or ends above its 67% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level, payable in shares.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Walt Disney Co.
Amount:	$317,000
Maturity:	June 2, 2025
Coupon:	7.25% annual rate, paid monthly
Price:	Par
Payout at maturity:	If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level, payable in shares
Call:	Par plus coupon if stock closes above initial level on any monthly call observation date starting after six months
Initial level:	$88.14
Downside threshold:	$59.0538, 67% of initial level
Pricing date:	May 25, 2023
Settlement date:	May 31, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	40428HWU2

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