New Issue: HSBC prices $265,000 barrier digital notes on Russell, Dow, Nasdaq

By Kiku Steinfeld

Chicago, April 19 – HSBC USA Inc. priced $265,000 of 0% barrier digital notes due Dec. 29, 2023 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% trigger level, the payout at maturity will be par plus 11.75%.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$265,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above trigger level, par plus 11.75%; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
Initial levels:	32,849.74 for Dow, 11,072.42 for Nasdaq, 1,748.017 for Russell
Trigger levels:	70% of initial levels
Pricing date:	Dec. 20
Settlement date:	Dec. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441XWR7

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