New Issue: HSBC prices $360,000 seven-year averaging notes linked to Dow

By Susanna Moon

Chicago, Nov. 1 – HSBC USA Inc. priced $360,000 of 0% averaging notes due Oct. 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the greater of the index return and 2.5%.

The index’s final level will be the average of its closing levels on 28 quarterly observation dates.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Averaging notes
Underlying index:	Dow Jones industrial average
Amount:	$360,000
Maturity:	Oct. 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of index return and 2.5%; final index level will be average of closing levels on 28 quarterly observation dates
Initial level:	18,199.33
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UWA0

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