New Issue: HSBC sells $1.25 million dual directional buffered notes on Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Sept. 6 – HSBC USA Inc. priced $1.25 million of 0% dual directional buffered notes due Sept. 6, 2024 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the least performing index capped at 46.3%.

If any index falls but none finish below the 85% buffer level, the payout will be par plus the absolute value of the return of the worst performing index.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$1,254,000
Maturity:	Sept. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus gain of least performing index, subject to a maximum payout of par plus 46.3%; if any index falls but none fall by more than 15%, par plus the absolute value of return of worst performer; otherwise, 1% loss for each 1% decline of worst performer below 15%
Initial levels:	12,272.03 for Nasdaq, 1,844.115 for Russell
Buffer levels:	85% of initial levels
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441XGG9

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