New Issue: HSBC prices $220,000 buffered accelerated market participation securities on gold ETF

Chicago, Oct. 2 – HSBC USA Inc. priced $220,000 of 0% buffered accelerated market participation securities due Sept. 30, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains the payout at maturity will be par plus 200% of the ETF return subject to a maximum return of par plus 42.45%. Investors will receive par if the ETF declines but ends above the 15% buffer and will lose 1% for every 1% that the ETF declines beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying ETF:	VanEck Vectors Gold Miners ETF
Amount:	$220,000
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 200% of ETF return subject to a maximum return of par plus 42.45%; par if ETF declines but finishes above the 15% buffer; otherwise, exposure to decline in ETF beyond buffer
Call:	Non-callable
Initial level:	$22.00
Buffer level:	85% of initial level
Upside leverage:	200%
Cap:	42.45%
Buffer:	15%
Pricing date:	Sept. 27, 2022
Settlement date:	Sept. 30, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40441XLB4

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