New Issue: HSBC prices $280,000 barrier enhanced participation notes on Dow, Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, June 4 – HSBC USA Inc. priced $280,000 of 0% barrier enhanced participation notes due June 3, 2025 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is positive, the payout at maturity will be par plus 130% of the least-performing index’s return. If the return of the least-performing index is less than or equal to zero but greater than or equal to negative 50%, the payout will be par. If the return of either index is less than negative 50%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
Amount:	$280,000
Maturity:	June 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If return of each index is positive, par plus 130% of least-performing index’s return; if return of least-performing index is less than or equal to zero but greater than or equal to negative 50%, par; if return of either index is less than negative 50%, 1% loss for every 1% that least-performing index declines from initial level
Initial levels:	25,383.11 for Dow, 9,555.524 for Nasdaq and 3,044.31 for S&P
Barrier levels:	50% of initial levels
Pricing date:	May 29
Settlement date:	June 3
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40435CJG7

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