New Issue: HSBC prices $203,000 barrier digital notes linked to Dow, Russell, Nasdaq

By Angela McDaniels

Tacoma, Wash., Nov. 21 – HSBC USA Inc. priced $203,000 of 0% barrier digital notes due Nov. 9, 2023 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the least performing index is greater than or equal to negative 30%, the payout at maturity will be par plus 12.6%.

If the return of the least performing index is less than negative 30%, investors will lose 1% for every 1% that the least performing index declines from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:	$203,000
Maturity:	Nov. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If return of least performing index is greater than or equal to negative 30%, par plus 12.6%; otherwise, exposure to decline of least performing index
Initial levels:	32,732.95 for Dow, 1,846.863 for Russell and 11,405.57 for Nasdaq
Barrier levels:	70% of initial levels
Pricing date:	Oct. 31, 2022
Settlement date:	Nov. 3, 2022
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40441XPW4

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