424B2

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-253385

Supplement dated May 11, 2023

to Pricing Supplement dated March 22, 2023

Equity Index Underlying Supplement dated February 23, 2021,

Prospectus Supplement dated February 23, 2021 and

Prospectus dated February 23, 2021

 

HSBC USA Inc.

Autocallable Market Plus Notes Linked to the S&P 500^® Index due May 27, 2025

CUSIP: 40441X2M1

(the “Notes”)

This document (the “supplement”) supplements the offering documents referenced above, including in connection with any secondary market transactions in the Notes by HSBC Securities (USA) Inc. and its affiliates. Certain terms used but not defined in this supplement have the meanings set forth in those offering documents.

In the pricing supplement, dated March 22, 2023 and filed with the Securities and Exchange Commission (the “SEC”) on March 24, 2023 (the “Final Pricing Supplement”), with respect to the Underlying, its Initial Level was defined as the lowest official closing level on any Scheduled Trading Day during the initial level observation period. The initial level observation period was defined as each Scheduled Trading Day from and including March 21, 2023 to and including May 3, 2023, excluding any scheduled Trading Day on which a Market Disruption Event occurs.

The lowest Official Closing Level during the initial level observation period was 3,936.97 on March 22, 2023.

Therefore, the Initial Level for the Notes is 3,936.97.

Documentation

You should read this supplement, together with the documents listed below, which together contain the terms of the Notes and supersede all prior or contemporaneous oral statements as well as any other written materials. You should carefully consider, among other things, the matters set forth in “Risk Factors” beginning on page PS-8 of the Pricing Supplement, page S-1 in the prospectus supplement and page S-1 of the Equity Index Underlying Supplement, as the Notes involve risks not associated with conventional debt securities. We urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the Notes.

You may access these documents on the SEC website at www.sec.gov as follows (or if such address has changed, by reviewing our filings for the relevant date on the SEC website):

· Final Pricing Supplement dated March 22, 2023:

https://www.sec.gov/Archives/edgar/data/83246/000110465921026609/tm217170d2_424b2.htm

· Equity Index Underlying Supplement dated February 23, 2021:

https://www.sec.gov/Archives/edgar/data/83246/000110465921026625/tm217170d5_424b2.htm

· Prospectus supplement dated February 23, 2021:

https://www.sec.gov/Archives/edgar/data/83246/000110465921026609/tm217170d2_424b2.htm

· Prospectus dated February 23, 2021:

https://www.sec.gov/Archives/edgar/data/83246/000110465921026585/tm217170d7_424b3.htm

2 

EX-FILING FEES

EX-107

Calculation of Filing Fee Table

S-3
(Form Type)

HSBC USA Inc.
(Exact Name of Registrant as Specified in its Charter)

(Translation of Registrant’s Name into English)

	Security Type	Security Class Title	Fee Calculation or Carry Forward Rule	Amount Registered	Proposed Maximum Offering Price Per Unit	Maximum Aggregate Offering Price	Fee Rate	Amount of Registration Fee
Fees Previously Paid	Debt	Debt Securities	Rule 457(r)			$950,000	$110.20 per $1,000,000	$104.69*

*Previously paid - Accession No. 0001104659-23-036661