New Issue: HSBC prices $544,000 barrier enhanced notes linked to the Dow, Russell

By Susanna Moon

Chicago, July 6 – HSBC USA Inc. priced $544,000 of 0% barrier enhanced participation notes due June 16, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 414B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain of the worse performing index.

Investors will receive par if either index falls by up to 30% and will be fully exposed to the decline of the worse performing index if it finishes below the 70% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier enhanced participation notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index
Amount:	$544,000
Maturity:	June 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any gain of worse performing index; par if worse performing index falls by up to 30%; full exposure to decline of worse performing index if it finishes below 70% barrier
Initial levels:	21,328.47 for Dow, 1,425.985 for Russell
Barrier levels:	70% of initial levels
Pricing date:	June 13
Settlement date:	June 16
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433U7G5

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