Kigazuru Earnest is a technology company using data science, smarter design, and exceptional service to rebuild financial services. The following table and graph illustrate the hypothetical total return at maturity on the notes. Neither HSBC nor any dealer participating in the offering makes any recommendation as to the suitability of the notes for investment. Such dduk will have substantially the same terms as the indenture described in the accompanying prospectus supplement and product supplement. Ten main groups of companies comprise the Reference Asset with the number of companies included in each group, as of February 5,indicated in parentheses: Historical Performance of Reference Asset.

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Shakazshura We cannot give you assurance that the performance of the Reference Asset will result in the return of any of your initial investment. An investment in the notes is subject to the credit risk of HSBC, and in the event that HSBC is unable to pay its obligations as they become due, you may not receive the full payment at maturity of the notes. The following examples illustrate how the total returns set forth in the table above are calculated.

Any representation to the contrary is a criminal offense. For a further discussion of U. Supplemental Information Relating to the Terms of the Notes.

Any payment to vag made on the notes, including any principal protection at maturity, depends eruk the ability of HSBC to satisfy its obligations as they come due.

Because other dealers are not likely to make a secondary market for the notes, the price at which you may be able to trade your notes is likely to depend on the price, if any, at which HSBC Securities USA Inc.

Final Level — Initial Level. An investor presentation will be filed with the SEC and made available at Navient. However, because the return on the notes is dependent upon factors in addition to our ability to pay our obligations under the notes, such as the Official Closing Level of the Reference Asset, an improvement in our credit ratings, financial condition or results of operations is not expected to have a positive effect on the trading value of the notes.

Effective October 4,Navient will suspend its remaining share repurchase program through year end to allocate capital towards growing the education lending business and building book value. HSBC has filed a registration statement including a prospectus, a prospectus supplement and a product supplement with the U.

Prospectus Supplement dated April 9. The following graph sets forth the historical performance of the Reference Asset based on the daily historical closing levels from January 3, through February 5, You will be subject to this potential loss of principal even if the level of Reference Asset subsequently increases such that the Official Closing Level is less than the Initial Level by not more than the Knock-Out Buffer Amount of The notes are not deposit liabilities or other obligations of a bank and are not insured by the Federal Deposit Insurance Corporation or any other governmental agency of the United States or any other jurisdiction and involve investment risks including possible loss of the principal amount invested due to the credit risk of HSBC.

The company helps its clients and millions of Americans achieve financial success through services and support. The period beginning on and excluding the Pricing Date and ending on and including the Final Valuation Date. If the terms of the notes offered hereby are inconsistent with those described in the accompanying product supplement, prospectus supplement or prospectus, the terms described in this pricing supplement shall control. The notes will not be listed on any U.

TAX TREATMENT — There is no direct legal authority as to the proper tax treatment of the notes, and therefore significant aspects of the tax treatment of the notes are uncertain as to both the timing and character of any inclusion in income in respect of the notes.

If the terms of the notes set forth below are inconsistent with those described in the accompanying product supplement, the terms set forth below will supersede. If a Knock-Out Event has occurred, you will receive a cash payment on the Maturity Date that will reflect the performance of the Reference Asset subject to the Maximum Cap. As a result, the actual and perceived creditworthiness of HSBC may affect the market value of the notes and, in the event HSBC were to default on its obligations, you may not receive the amounts owed to you under the terms of the notes.

This means that if the Reference Return is Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the notes or determined that this pricing supplement, or the accompanying product supplement, prospectus supplement and prospectus, is truthful or complete. LITHONIA EDG PDF The calculation of the level of the Reference Asset, discussed below in further detail, is based on the relative value of the aggregate market value of the common stocks of companies as of a particular time compared to the aggregate average market value of the common stocks of similar companies during the base period of the years through Price to Public 1.

Neither HSBC nor any of its affiliates assumes any responsibilities for the adequacy or accuracy of information about the Reference Asset or any constituent included in the Reference Asset contained in this pricing supplement. The Reference Asset is a capitalization weighted index and is intended to provide an indication of the pattern of common stock price movement. As part of Navient, Earnest will continue as a distinct brand and will be led by its current management team, including founders Louis Beryl and Ben Hutchinson.

As a result, you may lose some or all of your investment. This pricing supplement is not an offer to sell and it is not an offer to buy interests in the Reference Asset or any of the securities comprising the Reference Asset. The notes themselves have not been independently rated. In performing these duties, the economic interests of the calculation agent and other affiliates of HSBC are potentially adverse to your interests as an investor in the notes.

Filed Pursuant to Rule b 2. Related Articles.


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