New Issue: HSBC prices $15.85 million Accelerated Return Notes on index basket

By Wendy Van Sickle

Columbus, Ohio, June 1 – HSBC USA Inc. priced $15.85 million of 0% Accelerated Return Notes due July 28, 2023 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index and the Nikkei Stock Average index each with an initial weight of 20%, the Swiss Market index and the S&P/ASX 200 index each with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 20.85%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying basket:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei Stock (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight), FTSE China 50 (5% weight)
Amount:	$15,847,510
Maturity:	July 28, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 20.85%; exposure to any basket decline
Initial index levels:	3,740.31 for Stoxx, 7,564.92 for FTSE 100, 26,604.84 for Nikkei, 11,647.17 for Swiss Market, 7,105.881 for S&P/ASX, 13,402.14 for FTSE China
Final basket level:	Average of basket’s closing levels on five trading days ending July 25, 2023
Pricing date:	May 26
Settlement date:	June 3
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	40390L552

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