New Issue: HSBC prices $2.07 million digital upside return notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 7 – HSBC USA Inc. priced $2.07 million of 0% digital upside return notes due Feb. 3, 2025 tied to the S&P 500 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 9.5%.

Otherwise, investors will receive par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital upside return notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$2,065,000
Maturity:	Feb. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or gains, par plus 9.5%; otherwise, par
Initial levels:	4,193.8 for S&P, 1,662.282 for Russell
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40447ANY6

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