New Issue: HSBC prices $10.68 million capped Leveraged Index Return Notes on MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, June 2 – HSBC USA Inc. priced $10.68 million of 0% capped Leveraged Index Return Notes due May 26, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filed 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, subject to a maximum payout of par plus 15.48%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying index:	MSCI Emerging Markets index
Amount:	$10,675,980
Maturity:	May 26, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 15.48%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	1,354.31
Threshold level:	1,218.88, or 90% of initial level
Final level:	Average of index’s closing levels on five trading days ending May 23, 2023
Pricing date:	May 27
Settlement date:	June 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	40438U333

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