New Issue: HSBC prices $935,000 five-year barrier enhanced notes on Dow, Russell

By Susanna Moon

Chicago, Nov. 7 – HSBC USA Inc. priced $935,000 of 0% barrier enhanced participation notes due Oct. 31, 2023 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.33 times any gain of the worse performing index.

Investors will receive par if either index falls by up to 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index
Amount:	$935,000
Maturity:	Oct. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index gains, par plus 1.33 times return of worse performing index; par if either index falls by up to 50%; otherwise, 1% loss per 1% decline of worst performing index
Initial levels:	24,688.31 for Dow, 1,483.821 for Russell
Trigger levels:	50% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435F4P9

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