New Issue: HSBC sells $1.66 million barrier enhanced notes on Dow, Russell

By Marisa Wong

Morgantown, W.Va., Feb. 9 – HSBC USA Inc. priced $1,658,000 of 0% barrier enhanced participation notes due Feb. 6, 2023 linked to the Dow Jones industrial average and the Russell 200 index, according to a 414B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.55 times any gain of the worse performing index.

Investors will receive par if either index falls by up to 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index
Amount:	$1,658,000
Maturity:	Feb. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.55 times any gain of worse performing index; par if either index falls by up to 50%; 1% loss per 1% decline of worse performing index if it finishes below barrier
Initial levels:	26,149.39 for Dow and 1,574.982 for Russell
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40435FQX8

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