KV SS25A DRIVER DOWNLOAD

Calculation of Registration Fee. To Prospectus dated March 22, ,. The Notes will have the terms described in this pricing supplement and the accompanying prospectus supplement, prospectus and Equity Index Underlying Supplement. However, in the case of these Notes, the individual performance of each of the Underlyings would not be combined to calculate your return and the depreciation of either Underlying would not be mitigated by the appreciation of the other Underlying. You believe that the Official Closing Level of each of the Underlyings will not be below its Trigger Level on any trading day during the Observation Period. In no case will the sum of the underwriting discounts and referral fees exceed 0.

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The Notes lack liquidity.

Payment of any amount at maturity is subject to the credit risk of HSBC. In no case will the sum of the underwriting discounts and referral fees exceed 0. Since sx25a Official Closing Level of both Underlyings was at or above their respective Initial Levels, the Notes were automatically called and you are no longer entitled to receive any Final Settlement Value. The RTY is designed to track the performance of the small capitalization segment of the United States equity market.

As a result, you could lose all or some of your initial investment if the Final Return of the Least Performing Underlying is negative and a Trigger Event occurs, even if there is an increase in the level of the other Underlying. Federal Income Tax Considerations—U. The performance of either of the Underlyings may cause a Trigger Event to occur.

The Notes are automatically called on the first Call Observation Date. You should consider carefully whether the Notes are suitable to your investment goals. You do not seek an investment for which there will be an active secondary market. Trigger Event Does Not Occur 1. In addition to the Final Settlement Value, you will be entitled to receive coupon payments monthly on each Coupon Payment Date, up to and including the Maturity Date or the Coupon Payment Date corresponding to a Call Observation Date on which the Notes are automatically called, as applicable.

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If the terms of the Notes offered hereby are inconsistent with those described in the accompanying prospectus supplement, prospectus or Equity Index Underlying Supplement, the terms described in this pricing supplement shall control.

Once the Notes are automatically called, the Underlyings have no relevance in determining the payment owed to you on the corresponding Coupon Payment Date. Instead, your return would depend on the Least Performing Underlying of the two Underlyings to which the Notes are linked. You are unwilling to be exposed to the possibility of early redemption.

It is not possible to predict whether the Notes will be automatically called and a Trigger Event will occur and, if so, kb and to what extent the Final Return of the Least Performing Underlying will be less than zero.

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The policies of the reference sponsor of each Underlying concerning additions, deletions and substitutions of the constituents comprising such Underlying and the manner in which the reference sponsor takes account of certain changes affecting those constituents may affect the level of such Underlying.

The Notes do not guarantee return of principal. Supplemental Plan of Ss52a Conflicts of Interest.

For example, in the case of Notes linked to a weighted basket, the return would depend on the weighted aggregate performance of the basket components reflected as the basket return.

Description of the RTY. You are unable or unwilling to hold Notes that will be automatically called on any Call Observation Date on which the Official Closing Level of each Underlying is at or above its Initial Level, or you are otherwise unable or unwilling to hold the Notes to maturity.

The following results are based solely on the assumptions outlined below. Since the Notes are linked to the performance of more than one Underlying, the Notes will be linked to the individual performance of each Underlying. We have not authorized anyone to provide you with information or to make any representation to you that is not contained in this pricing supplement, the zs25a Equity Index Underlying Supplement, prospectus supplement and prospectus.

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Make the information on this image better ss25z adding what you know. The 16th day of each month, beginning on December 16,through the Maturity Date. You are willing to invest in the Notes based on the fact that your maximum potential return is the coupon being offered with respect to the Notes. You should also review carefully the related “Risk Factors” section in the relevant product supplement and the “Selected Risk Considerations” in the relevant term sheet or pricing supplement.

The publishers of “The Chronicle” describe it as “a pioneer in changing newspaper writing, readability and design. Morgan strategy that seeks to generate returns through the dynamic selection of up to 18 commodities the “Basket Constituents” based on a modern portfolio theory approach to portfolio allocation.

Because the Notes are not linked to a weighted basket, in which the risk is mitigated and diversified among all of the components of a basket, you will be exposed to the risk of fluctuations in the prices of the Underlyings to the same degree for each Underlying.

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Allen County Public Library. You should not, under any circumstances, assume that vk information in this pricing supplement, the accompanying Equity Index Underlying Supplement, prospectus supplement and prospectus is correct on any date after their respective dates.

HSBC and its affiliates play a variety of roles in connection with the issuance of the Notes, including acting as calculation agent and hedging our obligations under the Notes.

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