New Issue: HSBC sells $535,000 barrier enhanced participation notes tied to Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, March 5 – HSBC USA Inc. $535,000 of 0% barrier enhanced participation notes due Feb. 28, 2023 linked to the Russell 200 index and the Dow Jones Industrial Average, according to a 414B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.3 times any gain of the lesser performing index.

Investors will receive par if the lesser-performing index falls by up to 50% and will be fully exposed to the decline of the lesser 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
Amount:	$535,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.3 times any gain of the lesser performing index; par if the lesser-performing index falls by up to 50%; full exposure to the decline of the lesser performing index if it finishes below the 50% barrier level
Initial index levels:	25,309.99 for Dow and 1,549.186 for Russell
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FTB3

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