New Issue: HSBC prices $1.85 million of digital barrier notes on Russell, S&P, Dow

By Susanna Moon

Chicago, March 6 – HSBC USA Inc. priced $1.85 million of 0% barrier digital return notes due Feb. 26, 2025 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its 70% barrier level, the payout at maturity will be par plus the digital return of 69%.

Otherwise, investors will be fully exposed to the decline of the worst performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Russell 2000 index, S&P 500 index and Dow Jones industrial average
Amount:	$1,848,000
Maturity:	Feb. 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying component finishes at or above barrier, par plus 69%; otherwise, 1% loss per 1% decline of worst performing index
Initial levels:	2,732.22 for S&P, 1,543.551 for Russell and 25,219.38 for Dow
Barrier levels:	1,912.554 for S&P, 1,080.4857 for Russell and 17,653.566 for Dow; 70% of initial levels
Pricing date:	Feb. 16
Settlement date:	Feb. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FRK5

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