New Issue: HSBC prices $750,000 autocallable barrier notes linked to Dow, Nasdaq

By Kiku Steinfeld

Chicago, Feb. 24 – HSBC USA Inc. priced $750,000 of 0% autocallable barrier notes due Feb. 12, 2025 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium of 6.25% per year if each index closes at or above its initial level on any annual observation date.

The payout will be par unless any index has finished below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$750,000
Maturity:	Feb. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index has finished below barrier level; otherwise, 1% loss for every 1% decline of the lesser performing index from its initial level.
Call:	Automatically at par plus call premium of 6.25% per year if each index closes at or above initial level on any annual observation date
Initial levels:	9,401.098 for Nasdaq and 29,102.51 for Dow
Barrier levels:	5,640.6588 for Nasdaq and 17,461.506 for Dow, or 60% of initial levels
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435U6B5

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