New Issue: HSBC sells $16.00 million Leveraged Index Return Notes on MSCI EM

By Cady Vishniac

Detroit, Dec. 2 – HSBC USA Inc. priced $15,995,690 of 0% Capped Leveraged Index Return Notes due Nov. 25, 2022 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, capped at par plus 14.7%. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% that the index declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	MSCI Emerging Markets
Amount:	$15,995,690
Maturity:	Nov. 25, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 14.7%; par if index declines by 10% or less; 1% loss for each 1% decline beyond 10%
Initial index level:	1,225.99
Threshold level:	1,103.39, 90% of initial level
Final level:	Average of closing levels of index on each of five trading days ending Nov. 22, 2022
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	40438Q613

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