New Issue: HSBC prices $694,000 market participation securities linked to Dow

By Kiku Steinfeld

Chicago, Jan. 8 – HSBC USA Inc. priced $694,000 of 0% market participation securities due July 29, 2024 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of 6.85%. If the index return is less than or equal to zero, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Market participation securities
Underlying indexes:	Dow Jones Industrial Average
Amount:	$694,000
Maturity:	July 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus index return, subject to maximum return of 6.85%; if index return is less than or equal to zero, par
Initial levels:	33,530.83
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40441X3D0

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