Character
The Swift syntax for forming a hexadecimal code point is
\u{n}
where n is a hexadecimal number up to 8 digits long. The valid range for a Unicode scalar is U+0 to U+D7FF and U+E000 to U+10FFFF inclusive. (The U+D800 to U+DFFF range is for surrogate pairs, which are not scalars themselves, but are used in UTF-16 for encoding the higher value scalars.)
Examples:
// The following forms are equivalent. They all produce "C". 
let char1: Character = "\u{43}"
let char2: Character = "\u{0043}"
let char3: Character = "\u{00000043}"
// Higher value Unicode scalars are done similarly
let char4: Character = "\u{203C}" // ‼ (DOUBLE EXCLAMATION MARK character)
let char5: Character = "\u{1F431}" // 🐱 (cat emoji)
// Characters can be made up of multiple scalars
let char7: Character = "\u{65}\u{301}" // é = "e" + accent mark
let char8: Character = "\u{65}\u{301}\u{20DD}" // é⃝ = "e" + accent mark + circle
Notes:
String
Strings are composed of characters. See the following examples for some ways to form them using hexadecimal code points.
Examples:
var string1 = "\u{0043}\u{0061}\u{0074}\u{203C}\u{1F431}" // Cat‼🐱
// pass an array of characters to a String initializer
let catCharacters: [Character] = ["\u{0043}", "\u{0061}", "\u{0074}", "\u{203C}", "\u{1F431}"] // ["C", "a", "t", "‼", "🐱"]
let string2 = String(catCharacters) // Cat‼🐱
Converting Hex Values at Runtime
At runtime you can convert hexadecimal or Int values into a Character or String by first converting it to a UnicodeScalar.
Examples:
// hex values
let value0: UInt8  = 0x43     // 67
let value1: UInt16 = 0x203C   // 8252
let value2: UInt32 = 0x1F431  // 128049
// convert hex to UnicodeScalar
let scalar0 = UnicodeScalar(value0)
// make sure that UInt16 and UInt32 form valid Unicode values
guard
    let scalar1 = UnicodeScalar(value1),
    let scalar2 = UnicodeScalar(value2) else {
    return
}
// convert to Character
let character0 = Character(scalar0) // C
let character1 = Character(scalar1) // ‼
let character2 = Character(scalar2) // 🐱
// convert to String
let string0 = String(scalar0) // C
let string1 = String(scalar1) // ‼
let string2 = String(scalar2) // 🐱
// convert hex array to String
let myHexArray = [0x43, 0x61, 0x74, 0x203C, 0x1F431] // an Int array
var myString = ""
for hexValue in myHexArray {
    if let scalar = UnicodeScalar(hexValue) {
        myString.append(Character(scalar))
    }
}
print(myString) // Cat‼🐱
Further reading