New Issue: HSBC sells $842,000 buffered digital notes linked to Russell, Nasdaq, S&P

By Kiku Steinfeld

Chicago, May 22 – HSBC USA Inc. priced $842,000 of 0% buffered digital notes due Feb. 20, 2024 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of least-performing index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 11.5%.

Otherwise, investors will lose 1% for every 1% that the least-performing index declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$842,000
Maturity:	Feb. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above 80% of initial level, par plus 11.5%; otherwise, 1% loss for every 1% decline in least-performing index beyond 20%
Initial index level:	1,884.286 for Russell, 11,557.19 for Nasdaq, 3,990.97 for S&P
Buffer level:	80% of initial level
Pricing date:	Jan. 17, 2023
Settlement date:	Jan. 20, 2023
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40441XC32

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