New Issue: HSBC prices $347,000 dual directional buffered notes on Stoxx, S&P

Chicago, June 22 – HSBC USA Inc. priced $347,000 of 0% dual directional buffered notes due June 5, 2025 linked to the least performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the least performing index.

If any index falls but none finish below the 90% buffer level, the payout will be par plus the absolute value of the return of the worst performing index.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Dual directional buffered notes
Underlying indexes:	Euro Stoxx 50 index, S&P 500 index
Amount:	$347,000
Maturity:	June 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.5 times gain of least performing index; if any index falls but none fall by more than 10%, par plus the absolute value of return of worst performer; otherwise, 1% loss for each 1% decline of worst performer beyond 10% buffer
Initial levels:	4,179.83 for S&P, 4,218.04 for Stoxx
Buffer levels:	90% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441X7G9

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