New Issue: HSBC sells $1.3 million barrier enhanced participation notes on Dow, Russell

By Sarah Lizee

Olympia, Wash., April 30 – HSBC USA Inc. priced $1.3 million of 0% barrier enhanced participation notes due April 30, 2024 linked to the least performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 147% of any gain of the lesser performing index.

Investors will receive par if the lesser-performing index falls by up to 50% and will be fully exposed to the decline of the lesser 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:	$1,302,000
Maturity:	April 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 147% of any gain of the lesser performing index; par if the lesser-performing index falls by up to 50%; full exposure to the decline of the lesser performing index if it finishes below the 50% barrier level
Initial levels:	26,462.08 for Dow Jones, 1,575.612 for Russell
Pricing date:	April 25
Settlement date:	April 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435UKV5

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