New Issue: HSBC sells $1.36 million barrier enhanced participation notes tied to Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, June 1 – HSBC USA Inc. priced $1.36 million of 0% barrier enhanced participation notes due May 30, 2023 linked to the Russell 200 index and the Dow Jones Industrial Average, according to a 414B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.35 times any gain of the lesser performing index.

Investors will receive par if the worse performing index falls by up to 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% 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
Amount:	$1,363,000
Maturity:	May 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.35 times any gain of the lesser performing index; par if worse performing index falls by up to 50%; 1% loss per 1% decline of worse performing index if it falls by more than 50%
Initial index levels:	24,811.76 for Dow and 1,628.222 for Russell
Barrier levels:	50% of initial levels
Pricing date:	May 24
Settlement date:	May 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FZL4

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