New Issue: HSBC sells $1.12 million digital dual directional notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Nov. 18 – HSBC USA Inc. priced $1.12 million of 0% digital dual directional barrier notes due May 18, 2017 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 15%, the payout at maturity will be par plus the greater of the index return, subject to a 25% cap, and the 7% minimum upside return.

If the index return is less than negative 15%, 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 barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$1.12 million
Maturity:	May 18, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is at least negative 15%, par plus the greater of the index return, capped at 25%, and the 7% minimum upside return; if index is less than negative 15%, par plus the index return with full exposure to losses
Initial level:	3,360.65
Barrier level:	Negative 15%
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Agent:	HSBC Securities (USA) Inc.
Fees:	0.75%
Cusip:	40433UDE3

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