New Issue: HSBC prices $820,000 market-linked notes on S&P 500

By Kiku Steinfeld

Chicago, May 15 – HSBC USA Inc. priced $820,000 of 0% market-linked notes due Feb. 20, 2024 tied to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is zero or positive, the payout at maturity will be par plus the index return up to a maximum return of par plus 7.75%.

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

Issuer:	HSBC USA Inc.
Issue:	Market-linked notes
Underlying index:	S&P 500 index
Amount:	$820,000
Maturity:	Feb. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus the index return up to 7.75%; otherwise, par
Initial level:	3,919.25
Pricing date:	Jan. 10, 2023
Settlement date:	Jan. 17, 2023
Agent:	HSBC Securities (USA) Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
Fees:	1%
Cusip:	40441XB74

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