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Published on 8/18/2023 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $957,000 barrier digital notes linked to Dow, Russell, Nasdaq

Chicago, Aug. 18 – HSBC USA Inc. priced $957,000 of 0% barrier digital notes due Aug. 9, 2023 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 11.3%. Otherwise, investors will be 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:$957,000
Maturity:Aug. 9, 2023
Coupon:0%
Price:Par
Payout at maturity:If least-performing index’s return is greater than or equal to negative 30%, par plus 11.3%; otherwise, exposure to decline of least-performing index
Initial levels:32,845.13 for Dow, 1,885.23 for Russell and 12,947.97 for Nasdaq
Barrier levels:70% of initial level
Pricing date:July 29, 2022
Settlement date:Aug. 3, 2022
Agent:HSBC Securities (USA) Inc.
Fees:0.5%
Cusip:40441XDJ6

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