New Issue: HSBC sells $4.38 million digital index-linked notes on Stoxx

By Sarah Lizee

Olympia, Wash., April 27 – HSBC USA Inc. priced $4.38 million of 0% digital index-linked notes due April 27, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 15.45%.

Otherwise, investors will lose 1.1765% for each 1% decline of the index beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital index-linked notes
Underlying index:	Euro Stoxx 50
Amount:	$4.38 million
Maturity:	April 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by up to 15%, par plus 15.45%; otherwise, 1.1765% loss for each 1% decline of the index beyond 15%
Initial level:	2,909.50
Downside threshold:	85% of initial level
Pricing date:	April 20
Settlement date:	April 27
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40438CEC1

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