New Issue: HSBC sells $1.07 million buffered digital notes linked to Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – HSBC USA Inc. priced $1.07 million of 0% buffered digital notes due Oct. 10, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 19.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Nasdaq-100 index
Amount:	$1,072,000
Maturity:	Oct. 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 90% of initial level, par plus 19.5%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	11,291.27
Pricing date:	Oct. 6
Settlement date:	Oct. 9
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438CWS6

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