New Issue: HSBC sells $388,000 barrier uncapped market participation notes on two stocks

Chicago, Nov. 1 – HSBC USA Inc. priced $388,000 of 0% barrier uncapped market participation securities due March 4, 2024 tied to the least performing of the common stock of DocuSign, Inc. and the class A common stock of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each stock is positive, the payout at maturity will be par plus 2.1 times the return of the least-performing stock

Investors will receive par if any stock falls by up to 30%.

Otherwise, investors will be fully exposed to the least-performing stock’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier uncapped market participation securities
Underlying stocks:	DocuSign, Inc., Zoom Video Communications, Inc.
Amount:	$388,000
Maturity:	March 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes above its initial level, par plus 2.1 times the increase of least-performing stock; par if any stock falls by up to 30%; otherwise, full exposure to least-performing stock’s decline
Initial levels:	$115.07 for DocuSign, $125.32 for Zoom
Barrier levels:	70% of initial levels
Pricing date:	Feb. 25
Settlement date:	March 3
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40439JD77

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