New Issue: HSBC prices $835,000 8.4% autocallable yield notes linked to Amazon.com

By Kiku Steinfeld

Chicago, Feb. 6 – HSBC USA Inc. priced $835,000 of autocallable yield notes due June 26, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called at par on any monthly determination date after six months if the stock closes at or above its initial level.

Investors will receive a coupon of 8.4%, paid monthly.

If the stock gains or ends above its 67% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level, payable in shares or cash at the issuer’s option.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stock:	Amazon.com, Inc.
Amount:	$835,000
Maturity:	June 26, 2025
Coupon:	8.4%, paid monthly
Price:	Par
Payout at maturity:	If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level, payable in shares or cash at the issuer’s option
Call:	Par on any monthly determination date after six months if the stock closes at or above its initial level
Initial level:	$124.83
Downside threshold:	$83.6361, 67% of initial level
Pricing date:	June 21, 2023
Settlement date:	June 26, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	1.75%
Cusip:	40428HWZ1

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