New Issue: HSBC prices $925,000 callable notes with contingent return linked to Apple

Chicago, Sept. 26 – HSBC USA Inc. priced $925,000 of callable notes with contingent return due March 26, 2024 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

A contingent 13.5% monthly coupon will be paid if the underlying stock closes at or above its 70% barrier level on the related observation date

The notes may be called at par starting on March 22, 2023 and on any subsequent quarterly observation date.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Callable notes with contingent return
Underlying stock:	Apple Inc.
Amount:	$925,000
Maturity:	March 26, 2024
Coupon:	13.5% annual rate, paid monthly, if the underlying stock closes at or above its 70% barrier level on the related observation date
Price:	Par
Payout at maturity:	If stock finishes at or above the barrier level par; 1% loss for every 1% that stock declines if it ends below barrier value
Call:	At par starting on March 22, 2023 and on any subsequent quarterly observation date
Initial level:	$153.72
Coupon barrier:	$107.604, 70% of initial level
Barrier level:	$107.604, 70% of initial level
Pricing date:	Sept. 21, 2022
Settlement date:	Sept. 26, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.375%
Cusip:	40441XNS5

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