New Issue: HSBC prices $250,000 barrier market participation notes tied to Tesla

Chicago, Feb. 27 – HSBC USA Inc. priced $250,000 of 0% barrier market participation securities due Nov. 13, 2023 tied to the Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the Stock return is positive, the payout at maturity will be par plus double the return, subject to a maximum payout of par plus 81.02%.

Investors will receive par if the stock falls by up to 40%.

Otherwise, investors will be fully exposed to the stock’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation securities
Underlying stock:	Tesla, Inc.
Amount:	$250,000
Maturity:	Nov. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any stock gain up to 81.02%; par if stock falls by up to 40%; otherwise, 1% loss for each 1% decline of stock
Initial level:	$865.65
Barrier level:	60% of initial level
Pricing date:	May 6, 2022
Settlement date:	May 11, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439J3Z6

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