New Issue: HSBC prices $2 million digital dual directional notes on Euro Stoxx 50

By Tali Rackner

Norfolk, Va., Sept. 22 – HSBC USA Inc. priced $2 million of 0% digital dual directional notes due March 25, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 20%, the payout at maturity will be par plus the greater of the index return and the 14% minimum upside return.

If the index return is less than negative 20%, the payout will be par plus the index return with full exposure to losses.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional notes
Underlying index:	Euro Stoxx 50
Amount:	$2 million
Maturity:	March 25, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is at least negative 20%, par plus the greater of the index return and the 14% minimum upside return; if index is less than negative 20%, par plus the index return with full exposure to losses
Initial level:	3,157.30
Barrier level:	Negative 20%
Pricing date:	Sept. 18
Settlement date:	Sept. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40433UAG1

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