New Issue: HSBC prices $510,000 0% buffered digital notes linked to Nasdaq, Russell, S&P

By Kiku Steinfeld

Chicago, Jan. 22 – HSBC USA Inc. priced $510,000 of 0% buffered digital notes due Aug. 5, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains or declines but by no more than its 20% buffer the payout at maturity will be par plus 12.45%. Investors will lose 1% for every 1% the worst performing index declines beyond its buffer.

The notes are non-callable.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$510,000
Maturity:	Aug. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains or declines but by no more than 20% buffer, par plus 12.45%; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	13,231.47 for Nasdaq-100, 1,769.211 for Russell 2000, 4,167.87 for S&P 500
Buffer:	20%
Call:	Non-callable
Pricing date:	May 1, 2023
Settlement date:	May 4, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40447AAF1

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