New Issue: HSBC sells $1 million barrier digital notes linked to biotech ETF

Chicago, Feb. 22 – HSBC USA Inc. priced $1 million 0% barrier digital notes due May 9, 2023 linked to the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is above the 50% barrier level, the payout will be par plus the 6.25% digital upside return.

If the ETF falls by more than 50%, investors will be fully exposed to the ETF decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying ETF:	SPDR S&P Biotech ETF
Amount:	$1,000,000
Maturity:	May 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF finishes above barrier level, par plus 6.25% digital return; otherwise, full exposure to losses of ETF
Initial level:	$76.85
Barrier level:	50% of initial level
Pricing date:	May 3, 2022
Settlement date:	May 6, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40439J3X1

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