New Issue: HSBC sells $500,000 market participation notes on Apple, Alphabet

Chicago, May 23 – HSBC USA Inc. priced $500,000 of 0% market participation securities due July 5, 2024 tied to the least performing of the common stock of Apple Inc. and the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each stock is positive, the payout at maturity will be par plus the return of the least-performing stock, capped at par plus 14.4%.

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market participation securities
Underlying stocks:	Apple Inc. and Alphabet Inc.
Amount:	$500,000
Maturity:	July 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes above its initial level, par plus increase of least-performing stock, capped at par plus 14.4%; otherwise, par
Initial levels:	$139.23 for Apple, $2,234.03 for Alphabet
Pricing date:	June 29, 2022
Settlement date:	July 5, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	40441XDM9

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