New Issue: HSBC prices $297,000 barrier digital notes linked to Dow, Russell, Nasdaq

Chicago, Feb. 11 – HSBC USA Inc. priced $297,000 of 0% barrier digital notes due June 3, 2024 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index’s return is greater than or equal to negative 30%, the payout at maturity will be par plus 7.27%. Investors will receive par if the worst performer declines more than 30% but not more than 35%. Otherwise, investors will be fully exposed to the decline of the least-performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$297,000
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing index’s return is greater than or equal to negative 30%, par plus 7.27%; par if worst performer declines between 30% and 35% from initial level; otherwise, full exposure to decline of least-performing index
Initial levels:	32,799.92 for Dow, 1,767 for Russell, 13,604.48 for Nasdaq
Digital barrier levels:	70% of initial levels
Barrier levels:	65% of initial levels
Pricing date:	May 24, 2023
Settlement date:	May 30, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	1.875%
Cusip:	40447ABB9

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