New Issue: HSBC prices $5.54 million capped Mitts linked to Dow

By William Gullotti

Buffalo, N.Y., Nov. 29 – HSBC USA Inc. priced $5.54 million of 0% capped Market Index Target-Term Securities due Nov. 24, 2028 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum return of 53.72%.

If the index return is zero or negative, the payout will be par.

BofA Securities, Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Capped Market Index Target-Term Securities
Underlying:	Dow Jones industrial average
Amount:	$5,535,470
Maturity:	Nov. 24, 2028
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus index return, capped at par plus 53.72%; if index return is zero or negative, par
Initial index level:	34,098.1
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Underwriter:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	40441B827

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