New Issue: HSBC prices $917,000 digital upside return notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., March 28 – HSBC USA Inc. priced $917,000 of 0% digital upside return notes due Oct. 7, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index’s return is greater than or equal to zero, the payout at maturity will be par plus 8.65%. If the lesser performing index’s return is less than zero, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital upside return notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$917,000
Maturity:	Oct. 7, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index’s return is greater than or equal to zero, par plus 8.65%; otherwise, par
Initial levels:	4,450.38 for S&P and 1,888.734 for Russell
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40447ACD4

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