New Issue: HSBC sells $1.49 million digital plus barrier notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 17 – HSBC USA Inc. priced $1.49 million of 0% digital plus barrier notes due Aug. 5, 2025 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the fixed return of 47% and the return of the worst performing index.

If any index falls but no index finishes below the 70% knock-in level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital plus barrier notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
Amount:	$1,491,000
Maturity:	Aug. 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus greater of 47% and return of worst performing index; if any index falls but no index falls by more than 30%, par; otherwise, 1% loss for each 1% decline of worst performing index
Initial levels:	3,271.12 for S&P, 10,905.88 for Nasdaq, 26,428.32 for Dow
Knock-in levels:	70% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40438CPE5

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