New Issue: HSBC prices $3.19 million barrier digital notes on Russell, Dow, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, July 29 – HSBC USA Inc. priced $3.19 million of 0% barrier digital notes due Aug. 4, 2023 linked to the lesser performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% trigger level, the payout at maturity will be par plus 9.3%.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$3,186,000
Maturity:	Aug. 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above trigger level, par plus 9.3%; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
Initial levels:	31,761.54 for Dow, 1,805.246 for Russell, 12,086.9 for Nasdaq
Trigger levels:	70% of initial levels
Pricing date:	July 26
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40441XDK0

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