New Issue: HSBC prices $6.43 million Mitts linked to the Dow

By Marisa Wong

Morgantown, W.Va., Oct. 11 – HSBC USA Inc. priced $6.43 million of 0% Market Index Target-Term Securities due Sept. 29, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum return of 41%. If the index return is zero or negative, the payout will be par.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Market Index Target-Term Securities
Underlying:	Dow Jones industrial average
Amount:	$6,430,660
Maturity:	Sept. 29, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus index return, subject to 41% maximum return; if index return is zero or negative, par
Initial index level:	18,143.45
Final index level:	Average of index’s closing levels on five trading days ending Sept. 26, 2023
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Underwriter:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40435B304

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