New Issue: HSBC sells $602,000 dual directional buffered notes on Dow, Russell, Nasdaq

By Kiku Steinfeld

Chicago, Oct. 4 – HSBC USA Inc. priced $602,000 of 0% dual directional buffered notes due Feb. 18, 2025 linked to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.33 times any gain of the least performing index.

If any index falls but the least performer declines by no more than the 15% buffer amount, then the payout at maturity will be par plus the absolute value of the return of the least performing index.

If the least performing index declines by more than 15%, then the payout will be par less the loss of that index beyond the 15% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$602,000
Maturity:	Feb. 18, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.33 times any gain of least-performing index; if least-performing index falls by up to 15%, par plus absolute value of its return; otherwise, exposure to losses of least-performing index beyond 15% buffer
Initial values:	34,738.06 for Dow, 14,253.84 for Nasdaq, 2,030.146 for Russell
Buffer levels:	85% of initial levels
Pricing date:	Feb. 11
Settlement date:	Feb. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40439JZY4

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