New Issue: HSBC prices $636,000 autocallable barrier notes with step-up premium on indexes

Chicago, May 17 – HSBC USA Inc. priced $636,000 of 0% autocallable barrier notes with step-up premium due June 28, 2027 linked to the least performing of the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically starting on June 23, 2023 and on any subsequent annual observation date at a premium of 12% per year.

The payout at maturity will be par if the worst performing index finishes at or above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:	$636,000
Maturity:	June 28, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above barrier level par; 1% loss for every 1% that worst performing index declines if it ends below the barrier level
Call:	Automatically starting on June 23, 2023 and on any subsequent annual observation date at a premium of 12% per year
Initial levels:	11,527.71 for Nasdaq, 1,690.277 for Russell, 3,759.89 for S&P
Barrier levels:	8,069.397 for Nasdaq, 1,183.1939 for Russell, 2,631.923 for S&P, 70% of initial levels
Pricing date:	June 22, 2022
Settlement date:	June 27, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40441XAQ3

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