New Issue: HSBC sells $1.01 million autocallable barrier notes with step-up premium on indexes

Chicago, May 31 – HSBC USA Inc. priced $1.01 million of 0% autocallable barrier notes with step-up premium due Nov. 18, 2024 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 9% annual call premium if each index closes at or above its initial level on any semiannual observation date.

If the notes are not called, the payout will be par unless any index has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying indexes:	Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:	$1,014,000
Maturity:	Nov. 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus a 9% annual call premium if each index closes at or above its initial level on any semiannual observation date
Initial index levels:	16,199.88 for Nasdaq, 4,682.85 for S&P, 2,411.776 for Russell
Barrier levels:	11,339.916 for Nasdaq, 3,277.995 for S&P, 1,688.2432 for Russell; 70% of initial levels
Pricing date:	Nov. 12, 2021
Settlement date:	Nov. 17, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40439JSK2

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