New Issue: HSBC sells $989,000 barrier enhanced participation notes on Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 21 – HSBC USA Inc. priced $989,000 of 0% barrier enhanced participation notes due Dec. 21, 2023 linked to the least 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 140% of any gain of the lesser performing index.

Investors will receive par if the lesser-performing index falls by up to 50% and will be fully exposed to the decline of the lesser 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
Amount:	$989,000
Maturity:	Dec. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any gain of the lesser performing index; par if the lesser-performing index falls by up to 50%; full exposure to the decline of the lesser performing index if it finishes below the 50% barrier level
Initial levels:	23,675.64 for Dow Jones, 1,377.176 for Russell
Pricing date:	Dec. 18
Settlement date:	Dec. 21
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435UCG7

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